An EXCELLENT investment opportunity to develop this site containing a multiple bucket of rights.
Land Size: 10,000m2
Bulk allocation: 30,000m2
Price per bulk m2: R2 000.00
Zoning: General Business Subzone GB5 – can be rezoned to GB7
Access: 3 access points.
Property details:
On receipt of a signed NDA, additional information can be shared:-
Copy of the Title deed number
Copy of independent valuation reports.
Development parameters:
Maximum floor space (bulk) of 30,000m2
GLA of 25,500m2
Coverage 100%
Height: As per SDP (with 60m permissible)
Street building line: 0,0m up to 38,0m. Height & Â1⁄2 (H-38m) above 38,0m; 8m street centreline setback (services servitudes along Carl Cronje)
Common building line: 0,0m
Parking: 4 bays / 100m2 floor space for office; 6 bays / 100m2 floor space for shops; ratios according to user requirements in DMS.
Servitude Right of Way for left-in left-out access from Carl Cronje has been negotiated and
approved by the City, which provides a major benefit to the site.
Services and road servitudes to be implemented
Site development (SDP) and landscaping plans to be finalized.
Subdivision and additional land use applications according to Cape Town Zoning Bylaw
requirements.
Permissible Primary Uses:
Business, apartments with ground floor retail, second dwelling, warehouse with retail and offices, apartments, place of education, place of worship, hospital, place of assembly, place of entertainment, hotel, conference facility, service trade, authority use, utility service, rooftop base telecommunication station, multiple parking garage, private road, open space, veterinary practice, and filming.
Consent use:
Expo centre, motor repair garage, warehouse, freestanding base telecommunication station, wind turbine infrastructure, transport use, helicopter landing pad and service station.
To arrange a viewing, contact BIBI BEST, a representative of Real Estate Power CC T/A RE/MAX Premier, a franchise of RE/MAX SA. Each office is independently owned and operated.
