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3,450m² Building For Sale in Salt River

R27,000,000

Clifton Spares 1

Web Ref No CL13362

Prime Industrial Redevelopment/Owner Occupier Opportunity With Additional Bulk Available

This exciting conversion opportunity is ideally located in the heart of the mixed-use hub Salt River. The property is boarded by Friend Street, Factory Road and Brickfield and is positioned close to the Salt River Circle, allowing easy access the major arterial roads such as the N1, N2, M3 and M5. There is also excellent access to nearby public transport including Salt River Train Station and MyCiti Bus Routes. This building, which sits on an erf size of 1933sqm, consists of a 600sqm basement(parking) 1600sqm ground-floor and 1250sqm first-floor - all with roller-shutter access. There are various tenants in the building and all have redevelopment clauses in their leases, allowing any buyer to generate income of roughly R160,000 per month (excl VAT) while planning a development, and being able to give all tenants notice when they are ready to develop

The property is zoned mixed-use 2 which allows for a floor factor of 4 and there is a total bulk of 7732sqm available. For more information on this property or others like it please contact the area specialist Daniel Botha

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Features

Open Parkings 4
Building Name Clifton Spares
Zoning Industrial
Covered Parkings 40
Basement Parking 40
Monthly Rates R20,050.00pm Excl. VAT
Floor Size 3,450m²
Land Size 1,933m²
Power 3 Phase Yes
Power Amps 250