Retail · For SaleRef 6957177
Mixed use building for sale in an up and coming node of Salt River
R 5 249 000
448 Albert, 448 Albert Road, Salt River, Cape Town
Key facts
- Type
- Retail
- Floor size
- 660 m²
- Land size
- 377 m²
* 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.
Location
448 Albert, 448 Albert Road, Salt River
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Living in Salt River
Salt River is a well-located inner-city suburb on the eastern edge of the Cape Town CBD, with a rich industrial heritage and a creative, evolving character.
Read the Salt River area guide →Good to know
What is the asking price?+
This retail is on the market at R 5 249 000.
How many bedrooms and bathrooms does it have?+
It has 0 bathrooms.
How big is it?+
The floor size is 660 m², on a 377 m² erf.
Where is it located?+
It's in Salt River, Cape Town.
Bond repayment
Estimated monthly repayment
R 51 195
On a R 4 724 100 bond over 20 years at 11.75%.
Pre-qualified before you offer
Quay 1 partners with Jambo Home Loans. Get a bond pre-approval or speak to a consultant - they compare offers across the major banks on your behalf.
Call 087 474 0483
