Industrial property for sale in Salt River

Description

*Sole Mandate* This 1 452m² site is positioned on a 1 410m² erf in the heart of Salt River, a rapidly evolving node just outside Cape Town’s CBD. Zoned MU2, the property offers excellent development potential, allowing for mixed-use projects, including residential or student accommodation, thanks to favourable bulk and sky rights. Salt River continues to attract strong investor interest due to its strategic location near major arterial routes, train lines, and established commercial hubs, such as Black River Park. The area is becoming a sought-after precinct for urban regeneration, making this site a prime opportunity for developers. Three tenants currently occupy the site with no renewal clauses in place, making it suitable for potential developers/owner-occupiers. The MU2 zoning of the site allows for a maximum total bulk of 4 230m². Current Land Area:... *Sole Mandate* This 1 452m² site is positioned on a 1 410m² erf in the heart of Salt River, a rapidly evolving node just outside Cape Town’s CBD. Zoned MU2, the property offers excellent development potential, allowing for mixed-use projects, including residential or student accommodation, thanks to favourable bulk and sky rights. Salt River continues to attract strong investor interest due to its strategic location near major arterial routes, train lines, and established commercial hubs, such as Black River Park. The area is becoming a sought-after precinct for urban regeneration, making this site a prime opportunity for developers. Three tenants currently occupy the site with no renewal clauses in place, making it suitable for potential developers/owner-occupiers. The MU2 zoning of the site allows for a maximum total bulk of 4 230m². Current Land Area: 1 410m² Additional Bulk (Beyond Ground Floor): ~2 820m² Typical Number of Storeys Achievable: 5 to 7 storeys, within a 25m height limit. Other key components of the property include: - Student Accommodation Zoning - Ample Parking - Additional Yard Space - High Exposure - Signage Opportunities - Close to Major Arterial Routes For more information on the property, please contact Bruce Hallock. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-1978703258","type":"c"}));

What we know about this property

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Portal facts

Price

POA

Levies

R 1

Zoning

Mixed Use

Erf Size

1 410 m²

Floor Size

1452 m²

Backup Water

No

Floor Number

0

Listing Date

30 June 2025

Listing Number

116146358

Street Address

4 Penryn Street, Salt River

Rates and Taxes

R 1

Number of floors

1

Type of Property

Industrial Property

Wheelchair Accessible

No

Nearby Public Transport

Bus, Train, Minibus Taxi