Ct: Commercial Bldg 'could Be Flats'

There is currently much interest in renovating old commercial buildings, and converting them to trendy lofts or upmarket apartments. A building presently on the market looks as if it might be going full circle, from residential to commercial and now back to residential.

Situated in the heart of the Salt River garment industry, the building originally comprised four separate flats, which were then amalgamated to make one large building. Many of the features of the original building, such as the kitchen flues and wooden floors, are still visible. Most recently it was being used as warehousing and office space.

However, much of the present interest in the property is coming from potential buyers who are considering the possibility of converting the building back into accommodation. With some of the adjacent streets still being used for residential purposes, and the surge in popularity of neighbouring Woodstock and Observatory, this should be a viable option. There is even a playground opposite the property. Members of the fashion industry have also expressed interest in creating living, work and showroom space in one central, convenient location.

With over 500m² of building area, the building offers plenty of scope for customisation of the space, and the asking price of R1,3m makes renovation a viable option.

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