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
Woodstock is a suburb of Cape Town, South Africa. It is located between the docks of Table Bay and the lower slopes of Devil's Peak, about 1 kilometre (0.6 mi) east of the city centre of Cape Town. Woodstock is served by Woodstock and Esplanade railway stations.
By the middle of the 19th century, especially after the arrival of the railway line, Woodstock had become a fashionable seaside suburb with cottages next...
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