3,400m² Building For Sale in Salt River

POA

8 factory 8 factory road

Web Ref No 6211305

Prime development site for sale in a top precinct of Salt River

Prime development site for sale in the heart of the Salt River.

This node has seen huge gentrification over the last 5 years with high end businesses and well-known developers seeing value in the location. This property offers ample ground coverage and the perfect zoning to create a stunning development. The site is zoned MU2 and offers bulk of around 7732 sqm with a max height of 25 m and 100% floor coverage... a developers dream.

As it stands, the property offers a purchaser the opportunity to hold the property until the time is right for development. The current GLA is around 3400 sqm and offers flexible spaces that could be well suited for mechanics, to offices, to churches, to retailers, to manufacturers. The property is currently bringing in a rental of R120k pm but has the ability to bring in a gross rental of around R300k pm with correct management.

Contact me today to discuss this great property or to arrange a viewing