Developments Property Auctions

Former Pretoria retirement village going on auction

The 11-storey Kronendal building in Arcadia, Pretoria, is going on auction.

The former Pretorius Street retirement village is zoned ‘Residential 4’ which can house a possible 300 residential units.

The building has an extensive basement parking area, manicured garden areas, and a flexible floor plate. It boasts views of the Union Buildings and Pretoria Central from the upper floors, and it is currently structured to host approximately 30 flats per floor, some of which will require conversion from their current format.

The double volume ground floor has a lobby and dining area and events hall which open onto a lapa and garden area. The 10 residential floors above are accessed via 2 elevators. The building has a GLA of 10 314m² which excludes the basement area of 3 390m².

The building will go under the hammer via Broll Auctions at the Wanderers Club, Sandton, on the 17th of March 2022.