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R 27 500 000

Commercial Property for Sale in Salt River

8 Factory Road, Salt River, Cape Town

3 400 m²

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Kurt Dreyer

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Quay 1 Property Specialist 45

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Prime development site for sale in a top precinct of Salt River

Prime development site for sale in the heart of the Salt River.

This node has seen huge gentrification over the last 5 years with high end businesses and well-known developers seeing value in the location. This property offers ample ground coverage and the perfect zoning to create a stunning development. The site is zoned MU2 and offers bulk of around 7732 sqm with a max height of 25 m and 100% floor coverage... a developers dream.

As it stands, the property offers a purchaser the opportunity to hold the property until the time is right for development. The current GLA is around 3400 sqm and offers flexible spaces that could be well suited for mechanics, to offices, to churches, to retailers, to manufacturers. The property is currently bringing in a rental of R120k pm but has the ability to bring in a gross rental of around R300k pm with correct management....

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Property Overview

Listing Number

113591207

Type of Property

Commercial Property

Street Address

8 factory road, Salt River

Listing Date

08 November 2023

Gross Price

R 27 500 000

Availability Date

27 September 2024

Erf Size

1 933 m²

Floor Size

3400 m²

Zoning

Mixed Use

Building

Gross Lettable Area

3400 m²

Points of Interest

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