R 7 000 000 | building property for sale in salt river

This immaculate building is tenanted with various users ranging from electricians and printing companies to community centres. The entire building(including common areas) measures 885sqm and sits on an erf size of 338sqm with 87% coverage. The lettable areas consist of the ground, first floor and second floor which measure 250sqm, 258sqm and 229sqm(excluding impressive balconies) respectively. The building has been extremely well maintained and boasts an abundance of value adds such as great signage opportunities, off-street parking with drive-in access, 400amps of 3 phase power, long-standing tenants and magnificent views, to name a few. The building is ideally suited to investors or owner-occupiers who want to occupy a section of the building while earning a return from the balance of the space. Leases and yield calculations are available on request. This building can also be converted into student housing with relative ease. Rent roll and floor plans are available on request Primely Positioned on the border of Salt River and Observatory, this property is within short walking distance to Salt River Station and other public transport routes and is right in the mix of all of the development happening in Observatory and Salt River. The property is also rapidly accessible from all major arterial routes and is close proximity to the Salt River Circle. For more information or to arrange a viewing please contact our area specialist at Annenberg.