SOLD
Web Ref CL13464
R7,500,000
44 Salt River Road
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Monthly Rates
R6,405.92
R6,405.92
Special Levy
R1,200
R1,200
Tenanted Retail Investment/Redevelopment Property In Prime Location
This recently rejuvenated node in Salt River is highly sought after, boasting recent developments including colleges, an abundance of student housing, AAA Grade office and retail spaces, and the highly anticipated AMAZON HEAD OFFICE currently underway at the old Riverclub. This property, in particular, is conveniently situated on Salt River Road between the bustling Victoria and Albert Roads and is rapidly accessible from near major arterial routes.
- This heritage property is in a prime location and offers great exposure and high foot traffic.
- The property has been divided into 5 separate retail units of which 4 of the units are let out and there is one vacancy of 330sqm which we are currently trying to source bakery tenants for.
- Tenants include a restaurant, a therapist, academic apparel costume hire and a chef school. There is one vacant space, suitable for a bakery, laundromat or any other tenant that requires 150Amps of power
At this price point, the property has an attractive return on investment.
We are experiencing a high demand from a variety of businesses looking to move into the area, with Salt River Circle and The Old Biscuit Mill being less than 1km from the property.
The building has been well kept and with the Mixed-Use 2 zoning, it has the DEVELOPMENT RIGHTS TO GO UP TO FOUR FLOORS OR TO A MAXIMUM HEIGHT OF 25 METERS, making it prime for redevelopment.
Enquire for RENT ROLL, YIELD calculations and concept building plans. For more information don't hesitate to get in touch with the Annenberg Area Specialist - Daniel Botha
- This heritage property is in a prime location and offers great exposure and high foot traffic.
- The property has been divided into 5 separate retail units of which 4 of the units are let out and there is one vacancy of 330sqm which we are currently trying to source bakery tenants for.
- Tenants include a restaurant, a therapist, academic apparel costume hire and a chef school. There is one vacant space, suitable for a bakery, laundromat or any other tenant that requires 150Amps of power
At this price point, the property has an attractive return on investment.
We are experiencing a high demand from a variety of businesses looking to move into the area, with Salt River Circle and The Old Biscuit Mill being less than 1km from the property.
The building has been well kept and with the Mixed-Use 2 zoning, it has the DEVELOPMENT RIGHTS TO GO UP TO FOUR FLOORS OR TO A MAXIMUM HEIGHT OF 25 METERS, making it prime for redevelopment.
Enquire for RENT ROLL, YIELD calculations and concept building plans. For more information don't hesitate to get in touch with the Annenberg Area Specialist - Daniel Botha
Features
Zoning
Commercial
Title
Freehold
Floor
1
Interior
Air Conditioning
Yes
Power (3 Phase)
Yes
Exterior
Security
No
Sizes
Floor Size
754m²
Land Size
820m²
Woodstock in the news
Annenberg Property Group Celebrates Its 50th Year In Commercial And Industrial Property In Cape Town
Established in 1972, 50 years later, in 2022, Annenberg Property Group enjoys 50 years of success in commercial and Industrial Property In Cape town