This property provides a prime opportunity to acquire a mini-industrial park already generating a fair income in the highly sought after Diep River / Elfindale area.
Zoned as General Industrial 2, this is a rarity in the Southern Suburbs, and the type of tenant you can accommodate is diverse and has limited options available to them. There is basically no developable land remaining in the immediate vicinity. The location is well situated between the M3 and M5 which means easy access to the entire Southern Suburbs and 2 routes into Cape Town CBD. The surrounding area is highly sought after with rentals for similar units commanding rental of around R80/sqm and in some instances (Prime Park) up to R100/sqm. The result of the above mix of factors will mean an almost certain sustained/increasing demand for the foreseeable future.
The building has 2 entrances and a large yard component.
There is still good bulk available so the redevelopment opportunity is superb.
Please make contact with Mathew to discuss further.
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