*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.