1 410 m² Industrial space in Salt River

WAREHOUSE FOR SALE, SALT RIVER

Prime Mixed-Use Development Opportunity | 4 Penryn Street, Salt River

1,410 m² Erf | MU2 Zoning | Development Bulk of up to 4,230 m²

An exceptional development opportunity in the heart of Salt River, one of Cape Towns fastest-evolving urban regeneration nodes.

Situated at 4 Penryn Street, this 1,410 m² site offers significant development potential under MU2 zoning, with the potential for a maximum total bulk of approximately 4,230 m², subject to the applicable planning approvals and development parameters.

The property''s strategic location, favourable development rights and proximity to major transport routes make it particularly attractive to property developers, student accommodation providers, residential developers and owner-occupiers.

Development Potential

Erf size: 1,410 m²

Maximum total bulk: approximately 4,230 m²

Additional bulk beyond ground floor: approximately 2,820 m²

Potential building height: approximately 57 storeys

Maximum height: 25 metres

MU2 mixed-use zoning

Potential for residential and student accommodation

Development potential subject to municipal approvals and planning requirements

Strategic Location

Salt River continues to experience significant investment and urban regeneration, benefiting from its proximity to Cape Town CBD, Woodstock, Observatory and established commercial precincts such as Black River Park.

The property enjoys excellent access to major arterial routes and public transport infrastructure, including nearby rail connections. Its high-exposure position further enhances its potential for commercial and mixed-use development.

Existing Property Advantages

Three existing tenants

No renewal clauses currently in place

Ample parking

Additional yard space

High visibility and exposure

Excellent signage opportunities

Convenient access to major arterial routes

Strong potential for redevelopment

The absence of renewal clauses provides flexibility for a future developer or owner-occupier to plan for redevelopment, subject to the relevant lease terms and statutory approvals.

Development & Investment Opportunity

With approximately 4,230 m² of potential total bulk, the property presents an exciting opportunity to unlock substantial value in a well-established and rapidly transforming Cape Town precinct.

Whether considering student accommodation, residential development, mixed-use space or a strategic owner-occupier development, 4 Penryn Street offers the scale, location and zoning to support a compelling development proposition.

4 Penryn Street, Salt River a strategic development site with substantial upside potential in one of Cape Town''s emerging investment nodes.