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Industrial Property for Sale in Gardens
R 95,000,000
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2 years ago441 views
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Description
Industrial property for sale in prime location
Gardens is an established and centrally positioned suburb in the City Bowl. The site is accessible via Orange Road which is a busy arterial leading off Buitengracht Street. The site is also located within walking distance of the bustling Kloof Street.
The area offers mixed accommodation types, which includes the large Protea Hotel Fire and Ice (diagonally adjacent to the site), several light-industrial type properties, mixed-use buildings comprising ground floor retail and upper floor offices or flats, Summit House private school (south western boundary of site), and large warehouse type buildings.
The surrounding area is characterised by a high proportion of restaurants, coffee shops, and fast food outlets. The area has a dense local population, due to the numerous blocks of flats found in the area. The subject property is centrally located, and is situated just 1.3 km (approximately 5 minute drive) from the Cape Town CBD.
Current Building area:
Ground Floor: 1,838.52 sqm
First Floor: 206,72 sqm
Basement: 72 sqm
Maximum Permissable Bulk: 14 454 sqm
*Note: According to the Special Meeting Minutes of the Municipal Planning Tribunal, dated 17 February 2020 (Approval for Application for Rezoning, City Approval and Departures: Erf 152674, Carisbrook Street, Cape Town), dated 17 February 2020: The Rezoning of the site from Mixed Use 2 to Mixed 3 has been approved in terms of Section 98(b) of the Municipal Panning By-Law, 2015
E&OE
Property Reference #: CL2719465
Agent Details:
Andre Swanepoel
Dormehl Phalane Property Group
12 C Marine Circle
Bloubergrandt
7441
Gardens is an established and centrally positioned suburb in the City Bowl. The site is accessible via Orange Road which is a busy arterial leading off Buitengracht Street. The site is also located within walking distance of the bustling Kloof Street.
The area offers mixed accommodation types, which includes the large Protea Hotel Fire and Ice (diagonally adjacent to the site), several light-industrial type properties, mixed-use buildings comprising ground floor retail and upper floor offices or flats, Summit House private school (south western boundary of site), and large warehouse type buildings.
The surrounding area is characterised by a high proportion of restaurants, coffee shops, and fast food outlets. The area has a dense local population, due to the numerous blocks of flats found in the area. The subject property is centrally located, and is situated just 1.3 km (approximately 5 minute drive) from the Cape Town CBD.
Current Building area:
Ground Floor: 1,838.52 sqm
First Floor: 206,72 sqm
Basement: 72 sqm
Maximum Permissable Bulk: 14 454 sqm
*Note: According to the Special Meeting Minutes of the Municipal Planning Tribunal, dated 17 February 2020 (Approval for Application for Rezoning, City Approval and Departures: Erf 152674, Carisbrook Street, Cape Town), dated 17 February 2020: The Rezoning of the site from Mixed Use 2 to Mixed 3 has been approved in terms of Section 98(b) of the Municipal Panning By-Law, 2015
E&OE
Property Reference #: CL2719465
Agent Details:
Andre Swanepoel
Dormehl Phalane Property Group
12 C Marine Circle
Bloubergrandt
7441
Id Subtitle 987494540
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Estimated monthly repaymentR 1,029,522
Total property loan amountR 95,000,000
Total interestR 152,085,211
Total repaymentR 247,085,211
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Dormehl Phalane Property Group
Selling for 3+ years
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