NEW
SOLE MANDATE
Web Ref 6957177
R5,250,000
None 448 Albert
Mixed use building for sale in an up and coming node of Salt River
* Sole mandate *
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.
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.
Features
Zoning
Commercial
Exterior
Security
No
Sizes
Floor Size
660m²
Land Size
377m²
STREET MAP
STREET VIEW
