1 933 m² Industrial space in Salt River

8 factory, 8 factory road

1 933 m² 1 933 m²

Prime Industrial Redevelopment Owner-Occupier Opportunity

Salt River | Additional Development Bulk Available

An exceptional redevelopment and owner-occupier opportunity in the heart of Salt River''s established mixed-use precinct. Strategically positioned between Friend Street, Factory Road and Brickfield Road, the property offers excellent accessibility and substantial development potential.

Located close to Salt River Circle, the property provides convenient connectivity to the N1, N2, M3 and M5, while excellent public transport links include Salt River Train Station and nearby MyCiTi bus routes.

Property Overview

Erf Size: 1,933m²

Zoning: Mixed-Use 2

Floor Factor: 4

Basement Parking: 600m²

Ground Floor: 1,600m²

First Floor: 1,250m²

Roller-shutter access to all levels

Existing income-producing building

Significant redevelopment potential

Existing Income

The building is currently occupied by various tenants, providing an estimated rental income of approximately:

R170,000 per month excluding VAT

Importantly, the existing leases contain redevelopment clauses, providing a prospective purchaser with the opportunity to maintain rental income while progressing planning and development approvals.

Once the purchaser is ready to commence redevelopment, the relevant lease provisions allow for the tenants to be given notice in accordance with their agreements.

Development Potential

The property''s Mixed-Use 2 zoning and substantial available bulk make this an attractive opportunity for developers, investors and owner-occupiers seeking to unlock additional value. The property presents potential for a significant future development, subject to the necessary municipal approvals and detailed feasibility.

Why This Opportunity Stands Out

Prime Salt River location

1,933m² erf

Existing income of approximately R170,000month

Tenants have redevelopment provisions in their leases

Existing 3,450m² above-groundbasement accommodation

Multiple roller-shutter access points

Excellent public transport connectivity

Easy access to Cape Town''s major arterial routes

Ideal for redevelopment, investment or owner occupation

A rare opportunity to acquire a substantial industrial property in Salt River with an existing income stream and significant development upside.

Contact Arminel Engelbrecht