Studio Loft | For Sale

315m² | MU2 Zoning | 5 Parking Bays | 24-Hour Security

Positioned on Spencer Road in the heart of Salt River, this rare 315m² top-floor studio loft is offered for sale within the secure and well-managed Spencer Square. Zoned MU2, the property allows for both residential and office use, making it ideal for live/work, creative studios, or investment purposes.

The unit features a raw concrete aesthetic and exceptional volume, exposed rafters, which allows for creating mezzanine levels for storage. Being located on the top floor, the space benefits from abundant natural light and stunning views, enhancing its New York–style loft appeal.

The current configuration comprises a large open-plan studio and residence. This area can easily be repurposed as a home office, creative workspace or studio, offering excellent flexibility.

There is also future development potential to subdivide the unit into separate live/work spaces (subject to all relevant approvals).

Property Highlights

315m² studio loft

MU2 zoning (residential & office use permitted)

Top-floor position with excellent volume

industrial-style finishes

5 secure off-street parking bays (1 tandem & 3 additional)

24-hour security with locked gate and on-site guard

Adaptable floor plan suitable for residential, office, or mixed-use

Financials

Asking Price: R4,695,000 + VAT

Rates & Taxes: ±R1,529 ex vat
Levy: ±R4,962 ex vat

Location Advantages

±5 minutes to Riverlands Retail & Café Precinct
±5 minutes to Observatory’s restaurant and entertainment hub

Access to the N1 and M5 via key arterial routes

This versatile and character-filled space is ideal for owner-occupiers, creatives, entrepreneurs, or investors seeking a unique loft-style property in a fast-growing urban node.