R 3 995 000 | 6 bed property for sale in salt river

This exceptional property presents a rare chance to acquire a generously sized erf with valuable mixed-use zoning, offering limitless potential for redevelopment. Currently configured as a single large home divided into three separate tenanted sections, the asset can deliver steady rental income while awaiting transformation. Savvy investors can capitalize on multiple value-add strategies: convert the existing structure into a high-yield multi-let property, or redevelop as spacious student accommodation - potentially creating 12-13 bedrooms by reconfiguring the layout. Its prime position near Salt River Circle ensures strong tenant demand from both young professionals and students attending nearby institutions. With flexible zoning that unlocks commercial possibilities and a location poised for future growth, this is a standout opportunity for investors seeking either immediate cash flow or long-term appreciation through strategic development. The current tenant structure provides income during planning phases, making it an ideal "buy-hold-transform" proposition in one of Cape Town's most dynamic urban corridors. 6 Bedrooms 4 Bathrooms 3 Kitchens 4 living rooms