1 933 m² Industrial space in Salt River

Details

Prime Industrial Redevelopment Owner-Occupier OpportunitySalt River | Additional Development Bulk AvailableAn exceptional redevelopment and owner-occupier opportunity in the heart of Salt River''s established mixed-use precinct. Strategically positioned between Friend Street, Factory Road and Brickfield Road, the property offers excellent accessibility and substantial development potential.Located close to Salt River Circle, the property provides convenient connectivity to the N1, N2, M3 and M5, while excellent public transport links include Salt River Train Station and nearby MyCiTi bus routes.Property OverviewErf Size: 1,933m²Zoning: Mixed-Use 2Floor Factor: 4Basement Parking: 600m²Ground Floor: 1,600m²First Floor: 1,250m²Roller-shutter access to all levelsExisting income-producing buildingSignificant redevelopment potentialExisting IncomeThe building is currently occupied by various tenants, providing an estimated rental income of approximately:R170,000 per month excluding VATImportantly, the existing leases contain redevelopment clauses, providing a prospective purchaser with the opportunity to maintain rental income while progressing planning and development approvals.Once the purchaser is ready to commence redevelopment, the relevant lease provisions allow for the tenants to be given notice in accordance with their agreements.Development PotentialThe property''s Mixed-Use 2 zoning and substantial available bulk make this an attractive opportunity for developers, investors and owner-occupiers seeking to unlock additional value. The property presents potential for a significant future development, subject to the necessary municipal approvals and detailed feasibility.Why This Opportunity Stands OutPrime Salt River location1,933m² erfExisting income of approximately R170,000monthTenants have redevelopment provisions in their leasesExisting 3,450m² above-groundbasement accommodationMultiple roller-shutter access pointsExcellent public transport connectivityEasy access to Cape Town''s major arterial routesIdeal for redevelopment, investment or owner occupationA rare opportunity to acquire a substantial industrial property in Salt River with an existing income stream and significant development upside.Contact Arminel EngelbrechtCommercial & Industrial Property SpecialistChas Everitt Atlantic Seaboard

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