20,000m² Investment For Sale in Johannesburg Central, CL34793

Dati

FOR SALE BY TENDER – INNER COURT CLOSING DATE: 15 SEPTEMBER 2025

Inner Court – 75 Pritchard Street, Johannesburg CBD

Inner Court is a landmark mixed-use property located at 75 Pritchard Street, in the heart of Johannesburg’s bustling Central Business District. The building occupies a prominent corner erf of 3,735 sqm and boasts a substantial Gross Lettable Area (GLA) of approximately 23,000 sqm.

Strategically positioned, the property spans four busy streets — Pritchard, Joubert, President, and Kerk Street — with Kerk Street being pedestrianised, ensuring continuous and high-volume foot traffic. This location offers unmatched visibility and accessibility, making it highly attractive to both retail tenants and end-users.

The ground and first floors are fully let to a strong national tenant mix, including Mr Price, Hungry Lion, and OK Furniture. These anchor tenants offer excellent covenant strength and drive consistent footfall and rental income.

Despite being only 17% occupied, the property currently generates a gross annual income of approximately R9.3 million, underlining the strength of the existing leases and the significant upside potential through improved letting or redevelopment.

The upper floors, currently vacant, comprise flexible commercial office space ideal for redevelopment or repositioning. They offer significant potential for residential conversion — aligning with the increasing demand for quality inner-city housing — or could be re-tenanted as office space by a large corporate seeking centrally located premises.

The property also includes a generous basement with ample parking — a rare and valuable feature in the CBD.

With its scale, location, visibility, and strong existing income base, Inner Court presents a compelling opportunity for investors and developers to unlock value in one of Johannesburg’s most active urban nodes.