660m² Retail For Sale in Salt River

R6,500,000

448 Albert

Web Ref No 6957177

Mixed use building for sale in an up and coming node of Salt River

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This property offers great development potential with a zoning of General Business 5 thus allowing for a total bulk amount of 1508 sqm with a maximum height of 25m. It is located in an up and coming node of Salt River and is ideally located between the Old Biscuit Mill and the new Amazon development which will undoubtedly generate huge demand in the coming months.

The site is currently fully tenanted and income producing with the option of quickly unlocking further income thus creating a great investment property. There are two tenants on the ground floor with some residential tenants on the 1st floor. All units have private access thus the property easily accommodates multiple tenants. All tenants have their own water sub-meters and electrical meters. The seller is VAT registered and thus this sale can be zero rated.

Contact me to discuss this property or to arrange a viewing.