Revitus Real Estate Trust – REDESIGN | RENOVATE | REGENERATE

After Revitalisation -2024
Net lettable Area (M2)
  • Total : 6,012.48m2
  • Retail: 687.54m2
  • Basement: 800m2
  • Offices: 4,524.94m2

49 Samora Machel, Harare,

Property Value (USD)
  • Market Value: $4,400,000
  • Gross Replacement Value: $12,380,000

Electra House Description

The property, known as Lot 4 of Stand 715A Salisbury Township, measures a land area of 1,012m² and is registered as title deed number 760/2023. The registered owner is REVITUS Property Opportunities Real Estate Investment Trust. Situated in the Harare CBD at 88 Speke Avenue, Harare, this property falls under Local Development Plan number 22, Zone 1B (I) – Commercial Use (Special Offices).

The property is a multi-storey building comprising ground and mezzanine floor retail spaces, nine floors of offices from the second to the tenth levels, and plant rooms on the roof. The Net Lettable Space is approximately 4,306m².

Details of proposed property improvements and rental rates:

The building will be repurposed from office use to licensed residential, accommodating long-stay apartments, lodges, and hotels. The proposed facility will include apartments and supporting facilities like a restaurant, shared workspace, and entertainment lounge (bar). Accommodation facilities comprise reception areas, shops, circulation space, 75 apartments, laundry facilities, shared workspaces, a restaurant, and a bar.

The improvements include a multi-storey building comprising basement stores and plant rooms; ground floor retail; first-floor offices and caretaker’s quarters; ten identical office floors from the second to the eleventh levels; and lift and plant rooms on the roof.