High Potential, Multi Purpose Commercial and Residential Property For Sale in Salt River/Woodstock
This high potential property in a sought-after and rapidly developing strip is brimming with possibilities. Harness it's neatly-maintained old world charm or re-imagine new beginnings for the space. The building is conveniently nestled between Salt River and Woodstock on one of the main arterial roads.
It's situation on Salt River's main road, mid way between the Salt River circle and the bustling Victoria Road precinct, with the Old Biscuit Mill in walking distance and a My-Citi stop only a few meters away, makes it an investors dream.
Currently consists of 3 x residential units and 2 x retail units. One of the residential units has recently been renovated to accommodate 3 x bedrooms, an open plan lounge and kitchen area and 1 x bathroom. The remaining two...
High Potential, Multi Purpose Commercial and Residential Property For Sale in Salt River/Woodstock
This high potential property in a sought-after and rapidly developing strip is brimming with possibilities. Harness it's neatly-maintained old world charm or re-imagine new beginnings for the space. The building is conveniently nestled between Salt River and Woodstock on one of the main arterial roads.
It's situation on Salt River's main road, mid way between the Salt River circle and the bustling Victoria Road precinct, with the Old Biscuit Mill in walking distance and a My-Citi stop only a few meters away, makes it an investors dream.
Currently consists of 3 x residential units and 2 x retail units. One of the residential units has recently been renovated to accommodate 3 x bedrooms, an open plan lounge and kitchen area and 1 x bathroom. The remaining two residential units were combined to create a three bedroom unit with one bathroom and a lounge and kitchen. The residential unit is currently being let and provides an income of R8000.00 per month.
The two retail spaces were combined to create one open retail space but can easily be split again.
This property is perfect for multi purpose use; as a residential development, especially since the UCT route can be easily accessed from its location; or can be renovated into a full commercial use property.