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R 7 499 000

Commercial Property for Sale in Salt River

  • Gross Lettable Area 760 m²
  • NO TRANSFER DUTY
Multi-tenant street facing retail investment opportunity for sale

This prime priority is ideally located on busy Salt River road which is one of the main arterial roads linking Albert Main Road and Victoria Main Road.

The site offers an ERF size of 820 sqm and a rentable area of 760 sqm spit up over 5 retail tenants. The property has seen high tenancy rates over the years and proves to be a reliable investment property overall. The site is also zoned Mixed Use 2 which thus allows for huge development possibilities down the line with 3280 sqm of allowable usable space after developing. The property also has drawn up plans for 51 units to be built on site (not approved yet).

Overall this property offers a great retail type offering with solid tenancy rates. The positioning allows for great street visibility and the zoning allows for massive development possibilities if required.

Contact me to discuss or view.

This prime priority is ideally located on busy Salt River road which is one of the main arterial roads linking Albert Main Road and Victoria Main Road.

The site offers an ERF size of 820 sqm and a rentable area of 760 sqm spit up over 5 retail tenants. The property has seen high tenancy rates over the years and proves to be a reliable investment property overall. The site is also zoned Mixed Use 2 which thus allows for huge development possibilities down the line with 3280 sqm of allowable usable space after developing. The property also has drawn up plans for 51 units to be built on site (not approved yet).

Overall this property offers a great retail type offering with solid tenancy rates. The positioning allows for great street visibility and the zoning allows for massive development possibilities if required.

Contact me to discuss or view.

Listing number: P24-114201013, Image number: 1
Listing number: P24-114201013, Image number: 2
Listing number: P24-114201013, Image number: 3
Listing number: P24-114201013, Image number: 4
Listing number: P24-114201013, Image number: 5
Listing number: P24-114201013, Image number: 6
Listing number: P24-114201013, Image number: 7
Listing number: P24-114201013, Image number: 8
Listing number: P24-114201013, Image number: 9
Property Overview
Listing Number
114201013
Type of Property
Commercial Property
Description
Retail
Listing Date
27 March 2024
Gross Price
R 7 499 000
Availability Date
27 September 2024
Erf Size
820 m²
Floor Size
760 m²
No Transfer Duty
Yes
Zoning
Mixed Use
Bathrooms
6
Kitchens
3
Gross Lettable Area
760 m²
Building Grading
B Grade
Standalone Building
Yes
Number of floors
1
Security
no
Temperature Control
no
Internet Access
Fibre
Generator
No
Backup Water
No
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(Transfer Duty Excluded) This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.
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