Prime development site for sale in a top precinct of Salt River
Web Ref.
6211305
Land size
1933.00 m²
Floor size
3400.00 m²
Prime development site for sale in the heart of the Salt River.
Asking R30 mill
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 R200k 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
Asking R30 mill
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 R200k 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
Features
Zoning
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Quay 1 International Realty website is accurate and up to date, Quay 1 International Realty makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
