1 410 m² Industrial space in Salt River

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WAREHOUSE FOR SALE, SALT RIVERPrime Mixed-Use Development Opportunity | 4 Penryn Street, Salt River1,410 m² Erf | MU2 Zoning | Development Bulk of up to 4,230 m²An exceptional development opportunity in the heart of Salt River, one of Cape Towns fastest-evolving urban regeneration nodes.Situated at 4 Penryn Street, this 1,410 m² site offers significant development potential under MU2 zoning, with the potential for a maximum total bulk of approximately 4,230 m², subject to the applicable planning approvals and development parameters.The property''s strategic location, favourable development rights and proximity to major transport routes make it particularly attractive to property developers, student accommodation providers, residential developers and owner-occupiers.Development PotentialErf size: 1,410 m²Maximum total bulk: approximately 4,230 m²Additional bulk beyond ground floor: approximately 2,820 m²Potential building height: approximately 57 storeysMaximum height: 25 metresMU2 mixed-use zoningPotential for residential and student accommodationDevelopment potential subject to municipal approvals and planning requirementsStrategic LocationSalt River continues to experience significant investment and urban regeneration, benefiting from its proximity to Cape Town CBD, Woodstock, Observatory and established commercial precincts such as Black River Park.The property enjoys excellent access to major arterial routes and public transport infrastructure, including nearby rail connections. Its high-exposure position further enhances its potential for commercial and mixed-use development.Existing Property AdvantagesThree existing tenantsNo renewal clauses currently in placeAmple parkingAdditional yard spaceHigh visibility and exposureExcellent signage opportunitiesConvenient access to major arterial routesStrong potential for redevelopmentThe absence of renewal clauses provides flexibility for a future developer or owner-occupier to plan for redevelopment, subject to the relevant lease terms and statutory approvals.Development & Investment OpportunityWith approximately 4,230 m² of potential total bulk, the property presents an exciting opportunity to unlock substantial value in a well-established and rapidly transforming Cape Town precinct.Whether considering student accommodation, residential development, mixed-use space or a strategic owner-occupier development, 4 Penryn Street offers the scale, location and zoning to support a compelling development proposition.4 Penryn Street, Salt River a strategic development site with substantial upside potential in one of Cape Town''s emerging investment nodes.

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