Hotel@Hatfield Apartments - Disposal

Résumé

Bluecor Holdings (Pty) Ltd (“Owner”) has appointed CBRE Excellerate as its exclusive transaction advisor (“Advisor”) to present this opportunity to prospective investors. This investment opportunity, offered through a private tender, welcomes non-binding offers of interest in the form of a Letter of Intent (“LOI”) until 12:00 PM on the 11th of April.

The Hotel@Hatfield apartments present a unique investment opportunity, secured by a 5-year triple net lease with an international embassy. This guarantees stable, fixed income for the lease term, with the added advantage of being in a prime Pretoria location, ensuring strong rental demand should the embassy choose not to renew.

Key Investment Highlights

Strategic LocationHotel@Hatfield is situated in the heart of Hatfield, one of Pretoria?s most vibrant and sought-after nodes. The area is a well-established mixed-use precinct, home to diplomatic missions, corporate offices, and renowned educational institutions such as the University of Pretoria. With excellent transport connectivity, including proximity to the Gautrain station and major arterial roads, the property benefits from high accessibility and strong demand from professionals, students, and expatriates.
Safe and Secure EnvironmentSecurity is a key consideration for both residents and investors, and Hotel@Hatfield offers a safe and well-managed environment. The precinct is known for its strong security infrastructure, including CCTV surveillance, controlled access, and 24/7 on-site security. The presence of diplomatic missions and high-profile tenants further enhances the safety profile of the area, making it an attractive location for long-term occupancy.
Sale with a Strong Embassy LeaseThe property is backed by a 5-year triple net lease with a reputable international embassy, ensuring stable and predictable rental income. This lease structure provides investors with a secure revenue stream, reducing vacancy risks and offering a reliable return on investment. The presence of an embassy tenant underscores the property?s credibility and desirability, reinforcing its long-term value.
Residential Units as a Safe Fall-Back OptionIn addition to the embassy lease, the asset consists of well-designed residential units that can be seamlessly reintroduced into the rental market if required. Should the embassy opt not to renew its lease, the high demand for residential accommodation in Hatfield provides a strong safety net. The area?s appeal to students, young professionals, and expatriates ensures continued occupancy and income generation, making this a resilient investment option.

Emplacement

The area is known for its vibrant and dynamic atmosphere. Its lively yet safe environment, combined with excellent transport links, including the Hatfield Gautrain station, makes it highly accessible and convenient for business travelers and tourists alike.

Besides the thriving business environment, Hatfield also boasts a mix of cultural and recreational attractions, including nearby museums, art galleries, and green spaces like the Pretoria National Botanical Garden. The area’s thriving restaurant scene, trendy cafés, and nightlife contribute to its energetic and engaging community vibe.

Residential properties in Hatfield are in high demand, particularly for modern apartments and townhouses catering to students and professionals. This demand, coupled with the area’s well-rounded amenities and central location, highlights Hatfield’s potential as a prime spot for a successful hospitality or real estate venture.

Public Transport

A short 1km stroll sees guests arrive at the Hatfield Gautrain Station, which offers fast, seamless, and traffic-free transport to and from O.R. Tambo International Airport. Midrand, Sandton, and Rosebank are also accessible using the Gautrain system, making travel easier.

Ride-hailing services like Uber are operational in the area and reliable. The Tshwane Bus Services and Gautrain buses operate on several routes in and around Pretoria, including Hatfield. Minibus taxis are a cost-effective and commonly used form of transport in Hatfield. They run frequently along major routes and provide access to various parts of Pretoria and Gauteng.

Roads and Highways

Hatfield, Pretoria, is strategically located at the intersection of several major roads and transport networks, making it an easily accessible and highly connected area. Burnett Street, a key arterial road, runs through the heart of Hatfield, connecting the area to key landmarks such as the University of Pretoria and the Hatfield Gautrain Station.

To the north, Grosvenor Street connects Hatfield to Pretoria’s city center, while Lynnwood Road to the south serves as a vital route to affluent residential suburbs and business districts. The area is well-serviced by several major highways, including the N1, N4, and R21, which provide seamless connectivity to neighboring areas. With its well-planned road network and access to critical transport infrastructure, Hatfield serves as a gateway to both Pretoria and the broader Gauteng region, ensuring ease of movement for residents, students, and business professionals.

Situation

Hotel@Hatfield Apartments, located at 260 Hill Street, is a prime property in the heart of Pretoria?s vibrant Hatfield suburb. It offers excellent accessibility to major routes such as Stanza Bopape Street and the N4 highway. The property is within walking distance of key landmarks like the University of Pretoria, Union Buildings, and Loftus Versfeld Stadium. The nearby Hatfield Gautrain Station offers convenient transport links to Johannesburg and OR Tambo International Airport.

Description

Hotel@Hatfield Apartments is ideally situated in the heart of Pretoria, offering 43 modern, fully furnished self-catering apartments. Each unit is designed for comfort and convenience, featuring:

Complimentary high-speed Wi-Fi
Private balcony and/or entrance
Fully equipped kitchenette
Spacious living area with city views
Private bathroom
Four ground-level, wheelchair-accessible apartments

Apartment Breakdown:

12 Studio Apartments (35m²): Open-plan design with contemporary décor, a fully equipped kitchenette, and full servicing.
8 One-Bedroom Apartments (40m²): Modern, air-conditioned units featuring a balcony, satellite TV, and a fully equipped kitchenette.
24 Two-Bedroom Apartments (70m²): Spacious apartments with two en-suite bedrooms, a fully equipped kitchen (with space for a washing machine), a Smart Android TV, and a balcony.

The property provides access to an outdoor swimming pool, while guests benefit from a 24-hour front desk and on-site security for seamless check-in. Additional services such as daily housekeeping and laundry are available at an extra charge, with complimentary luxury amenities replenished daily.

Property Details

Total Units: 44 fully furnished apartments (studio, one-bedroom, and two-bedroom)
Land Area: 3,609m²
Opening Year: 2018
Hotel Operations Commenced: 2019
Ownership: 100%
Title: Sectional Title (36 units)
Food & Beverage Facilities: Limited dining available on request
Additional Facilities: Outdoor pool

The prime location offers easy access to a diverse selection of restaurants, shopping centers, and popular sightseeing attractions, enhancing the guest experience.

Lease Terms

Locataire: Hotel@Hatfield Apartments
Lease Duration: 5 years (starting 1 April 2025)
Year 1 Rent: R600,000 per month
Annual Escalation: 5%
Lease Type: Triple Net Lease ? Tenant responsible for all costs, including rates, taxes, repairs, and maintenance

Owner Profile

Bluecor Holdings (Pty) Ltd, the owner of Hotel@Hatfield Apartments, is a property development company based in Pretoria, Gauteng, South Africa. Established in 2005, Bluecor specializes in exceptional property development across various sectors, including retail, residential, corporate, hospitality, and leisure. Their services encompass property planning and quality construction, aiming to deliver comprehensive development solutions.

T.V.A.

Le Vendeur est immatriculé à la TVA (Taxe sur la Valeur Ajoutée). Il est prévu que la vente soit traitée comme un transfert d'une entreprise en activité, à condition que l'acheteur soit inscrit à la TVA et que les conditions de continuité d'exploitation soient remplies aux termes de la loi sur la TVA n° 89 de 1991.

Processus de vente

This property is being offered for sale through a Private Tender process under a Sole Marketing Mandate with CBRE-X online.

Interested parties can register on the CBRE-X online platform to access the Non-Disclosure Agreement (NDA).

To obtain full access to the Due Diligence information in the data room, an executed NDA is required, along with details about the entity and key individuals expressing interest in the property. This information may be provided through a link to your company website, a company profile, or brief resumes for the company and key individuals involved.

To submit an offer on the property, proof of funds or a comfort letter from a financial institution, indicating a favorable consideration for financing, must be provided. Interested parties are encouraged to submit their best offer as soon as possible.

Only parties that have submitted an NDA and the required information will be invited to view the property in the presence of the Agent or a representative of the Seller.

The Seller reserves the right to accept any offer but will instruct the Agent to notify all interested parties (who have signed an NDA and accessed the Due Diligence information) if an offer is under consideration.

The Agent will present all offers to the Seller and communicate acceptance to the successful bidder, while informing other parties of the outcome.

Offers will be evaluated based on the following criteria:
Le prix proposé.
Demonstrated ability to perform, including proof of funds or a comfort letter.
The conditions attached to the offer and the timeline for concluding the transaction.

Clause de non-responsabilité

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Hotel@Hatfield Apartments – Cession