R7,499,000
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.
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
760m²
Land Size
820m²
Salt River, Cape Town
Also known as the Mother City, Cape Town plays host to a multitude of beautiful areas and incredible cultures. Located in the southern point of the peninsula, Cape Town has become one of the most incredible places to visit in the world. From deep rooted cultures to incredible beaches, this is the place perfect for those looking to experience all the aspects that make this place a worldly recognized location.
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