Property Overview
-
- Size:
- 13,046 sq ft / 1,212 sq m
-
- Usage:
- A1, B1
-
- Sale Type:
- For Sale
-
- Rental Income:
- R1,133,040
-
- Property Type:
- Offices
- High Street
-
- Auction:
- No
-
- Development Opportunity:
- No
-
- Investment Opportunity:
- Yes
-
- Tenanted:
- Yes
-
- Energy Rating:
- N/A
General Summary
Retail and Commercial on same street as Biscuit Mill.
The total GLA space is 1540 m2space and consists of 60% office space the balance being retail space
Erf Size:
1212 m²
Income:
The gross annual rentals amount to R 1,133,040.00
Parking:
There is secure parking for 17 vehicles .
Availability:
This property is available immediately!
Asking Price:
R 10,500,000.00 Excl .VAT
Yield
10%
Location
Mini Mall situated on Albert Road in Salt River in the Southern Suburbs of Cape Town. Salt river is an area in the City that is experiencing growth in letting prices and is in a redevelopment phase. It is situated near established markets such as the Biscuit Mill and is two blocks from the Salt River Circle which is a well known landmark in the Woodstock /Salt River precinct.It falls within the area of the City of Cape Town municipality.
Addison House is two blocks from Salt River Station and the the Mycity bus stop .It is on all the taxi routes.
