Rare opportunity to acquire a fully tenanted residential investment property in Salt River, offering strong holding income and exceptional development potential.


Situated in one of Cape Town’s fastest growing mixed-use precincts, the property benefits from GB5 zoning, which allows for a max building height of 25m, a floor factor of 4, and 100% coverage, making it suitable for a wide range of future redevelopment opportunities.

Property Highlights:
Two storey apartment block at 444 Burns Road
Fully tenanted.
18 residential units 
GLA / Section size: 308 sqm. 
Gross annual income: R1,450,128 
Gross annual expenses: R287,900 (Modelled on YTD expenses)
CAP rate of: 12%

Strong redevelopment potential.

Development Rights:
GB5 (General Business 5) zoning.
Floor Factor: 4.0
Maximum height: 25 metres (approximately 6 – 8 storeys, subject to approvals).

Permitted uses include; Residential apartments, offices, retail, hotels and aparthotels, medical and institutional uses, and service trades (excluding industrial uses).

This is an ideal opportunity for investors seeking immediate rental income with the added benefit of long-term capital growth and redevelopment in a high-demand urban node.

For more information or to arrange a viewing, contact Niki-Jay Bougaard