R27,000,000
R27,000,000
AuctionUnique Opportunity: Prime Redevelopment for Investors with Additional Development potential
Discover an exceptional opportunity for conversion in the thriving Salt River mixed-use hub. This strategically located property is situated in close proximity to the Salt River Circle, which bordered by Friend Street, Factory Road, and Brickfield, Enjoy convenient connectivity to major arterial roads such as the N1, N2, M3, and M5. Seamlessly access public transport options including the Salt River Train Station and MyCiti Bus Routes.
Spanning across an expansive erf size of 1933sqm, this building comprises a 600sqm basement (dedicated to parking), 1600sqm on the ground floor, and 1250sqm on the first floor – all conveniently accessible through roller-shutter entrances.
Currently tenanted with 2 year leases in place, generating R200 000 per month on rentals.
Benefiting from a mixed-use 2 zoning, this property boasts a generous floor factor of 4. Unlock the potential for further development with a total bulk of 7732sqm, making this a truly remarkable investment opportunity.
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
3,450m²
Parking Bays
Basement Parking Bays
15
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Disclaimer: While every effort will be made to ensure that the information contained within the Dormehl Phalane Property Group website is accurate and up to date, Dormehl Phalane Property Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
