1,410m² Warehouse For Sale in Salt River
WAREHOUSE FOR SALE, SALT RIVER
Prime Mixed-Use Development Opportunity | 4 Penryn Street, Salt River
1,410 m² Erf | MU2 Zoning | Development Bulk of up to 4,230 m²
An exceptional development opportunity in the heart of Salt River, one of Cape Town’s fastest-evolving urban regeneration nodes.
Situated at 4 Penryn Street, this 1,410 m² site offers significant development potential under MU2 zoning, with the potential for a maximum total bulk of approximately 4,230 m², subject to the applicable planning approvals and development parameters.
The property's strategic location, favourable development rights and proximity to major transport routes make it particularly attractive to property developers, student accommodation providers, residential developers and owner-occupiers.
Development Potential
* Erf size: 1,410 m²
* Maximum total bulk: approximately 4,230 m²
* Additional bulk beyond ground floor: approximately 2,820 m²
* Potential building height: approximately 5–7 storeys
* Maximum height: 25 metres
* MU2 mixed-use zoning
* Potential for residential and student accommodation
* Development potential subject to municipal approvals and planning requirements
Strategic Location
Salt River continues to experience significant investment and urban regeneration, benefiting from its proximity to Cape Town CBD, Woodstock, Observatory and established commercial precincts such as Black River Park.
The property enjoys excellent access to major arterial routes and public transport infrastructure, including nearby rail connections. Its high-exposure position further enhances its potential for commercial and mixed-use development.
Existing Property Advantages
* Three existing tenants
* No renewal clauses currently in place
* Ample parking
* Additional yard space
* High visibility and exposure
* Excellent signage opportunities
* Convenient access to major arterial routes
* Strong potential for redevelopment
The absence of renewal clauses provides flexibility for a future developer or owner-occupier to plan for redevelopment, subject to the relevant lease terms and statutory approvals.
Development & Investment Opportunity
With approximately 4,230 m² of potential total bulk, the property presents an exciting opportunity to unlock substantial value in a well-established and rapidly transforming Cape Town precinct.
Whether considering student accommodation, residential development, mixed-use space or a strategic owner-occupier development, 4 Penryn Street offers the scale, location and zoning to support a compelling development proposition.
4 Penryn Street, Salt River – a strategic development site with substantial upside potential in one of Cape Town's emerging investment nodes.
Prime Mixed-Use Development Opportunity | 4 Penryn Street, Salt River
1,410 m² Erf | MU2 Zoning | Development Bulk of up to 4,230 m²
An exceptional development opportunity in the heart of Salt River, one of Cape Town’s fastest-evolving urban regeneration nodes.
Situated at 4 Penryn Street, this 1,410 m² site offers significant development potential under MU2 zoning, with the potential for a maximum total bulk of approximately 4,230 m², subject to the applicable planning approvals and development parameters.
The property's strategic location, favourable development rights and proximity to major transport routes make it particularly attractive to property developers, student accommodation providers, residential developers and owner-occupiers.
Development Potential
* Erf size: 1,410 m²
* Maximum total bulk: approximately 4,230 m²
* Additional bulk beyond ground floor: approximately 2,820 m²
* Potential building height: approximately 5–7 storeys
* Maximum height: 25 metres
* MU2 mixed-use zoning
* Potential for residential and student accommodation
* Development potential subject to municipal approvals and planning requirements
Strategic Location
Salt River continues to experience significant investment and urban regeneration, benefiting from its proximity to Cape Town CBD, Woodstock, Observatory and established commercial precincts such as Black River Park.
The property enjoys excellent access to major arterial routes and public transport infrastructure, including nearby rail connections. Its high-exposure position further enhances its potential for commercial and mixed-use development.
Existing Property Advantages
* Three existing tenants
* No renewal clauses currently in place
* Ample parking
* Additional yard space
* High visibility and exposure
* Excellent signage opportunities
* Convenient access to major arterial routes
* Strong potential for redevelopment
The absence of renewal clauses provides flexibility for a future developer or owner-occupier to plan for redevelopment, subject to the relevant lease terms and statutory approvals.
Development & Investment Opportunity
With approximately 4,230 m² of potential total bulk, the property presents an exciting opportunity to unlock substantial value in a well-established and rapidly transforming Cape Town precinct.
Whether considering student accommodation, residential development, mixed-use space or a strategic owner-occupier development, 4 Penryn Street offers the scale, location and zoning to support a compelling development proposition.
4 Penryn Street, Salt River – a strategic development site with substantial upside potential in one of Cape Town's emerging investment nodes.
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Arminel Engelbrecht
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Salt River, Cape Town
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Disclaimer
While every effort will be made to ensure that the information contained within the Chas Everitt website is accurate and up to date, Chas Everitt makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
