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R 20 000 000

Industrial Property for Sale in Salt River

1 Fairland House, 364 Victoria Road, Salt River, Cape Town

1 753 m²

Contact Broker

Daniel Botha

Show Contact Number

Highly Accessible And Secure Warehouse With Ground Floor Access And Loading

PRINCIPAL MANDATE: All Agents Welcome To Bring Buyers

Property Overview:

This section features A-grade light industrial/warehouse space, complemented by a modern and well-designed office and showroom component located at the front pedestrian entrance. Both the office and industrial areas are outfitted with high-quality features and fittings, which makes the section versatile and can accommodate various types of businesses. The warehouse portion offers a spacious, open-plan layout with excellent height clearance and convenient access provided by a large ramp and a roller shutter door. Additional highlights include a massive goods lift that opens directly onto the factory floor and a dedicated security booth at the parking and covered and secure loading area entrance which can accommodate large deliveries with interlink trucks and containers, ensuring safety and...

PRINCIPAL MANDATE: All Agents Welcome To Bring Buyers

Property Overview:

The property is equipped with 3-phase power, neat ablution facilities, kitchenettes, and boardrooms that boast stunning views of Devil’s Peak and Table Mountain. The ramp and roller shutter door also serve as additional parking spaces (9 to 10 cars), accommodating businesses with larger administrative or office needs. There is also a beautiful pause area where staff and clients can get some air on the deck in the exclusive use courtyard.

An added benefit of this section is the usage right for the 6m x 3m signage on the building's northwest side, currently generating a large annual income in hassle-free revenue. This income could potentially be significantly increased by converting to digital signage, or alternatively, the buyer could utilise the space to exclusively promote their own business to the high traffic on Victoria Road.

Location Highlights:

Fairland House is strategically positioned on the border of Salt River and Observatory, providing easy access to major arterial routes and public transport stations. Situated at the prominent corner of Victoria Road and Browning Road, the property enjoys excellent visibility and prime signage opportunities. The building stands as a landmark development within the gentrified node of Salt River, surrounded by prestigious AAA-grade developments such as the Amazon Africa HQ, Riverlands Development, 2U Global Head Office, The Peak Studios, Black River Park, and the Old Biscuit Mill. With recently completed developments and others underway, this area has become a prime business hub.

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Property Overview

Listing Number

115277442

Type of Property

Industrial Property

Street Address

1 Fairland House, 364 Victoria Road, Salt River

Listing Date

27 November 2024

Erf Size

2 174 m²

Floor Size

1753 m²

Levies

R 27 727

Rates and Taxes

R 11 855

Floor Number

Facilities

Bathrooms

Board Rooms

Kitchens

Truck Access

Superlink

External Features

Parking

Building

Power Availability

Three Phase

Points of Interest

Bond Calculator

Monthly Repayment:

R 275 500

Total Once-off Costs:

R 2 496 913

Min Gross Monthly Income:

R 918 333

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.