5444 m² Commercial space in Pinelands

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Andrew Dewey

Swindon Property-Cape Town

5444 m² Commercial space in Pinelands

Sold

2 howard drive
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Floor Area 5444 m²
Land Area 8645 m²

SOLD 9.75% yield. Property located off Forest Drive with frontage onto Howard Drive and Gardener Way. The building currently accommodates a 2 storey mixed use office block and warehouse.

The warehouse section eaves height varies between 5 and 6 meters. Access is via 2 roller shutter doors. The offices have a double volume entrance foyer which accesses 2 floors of offices (and also the warehouse).

Single national tenant ,Royal Serve which is is part of the Bidvest Group, lease runs till April 2020, 46 external Parking bays, potential to lay a slab over warehouse area for additional approx 2500 m2 of offices/warehousing.

Visitors parking in front of the building. Seller fitted new fencing so the property is fully enclosed, new central air conditioning unit (R150k) installed last year and a 60 Kwh solar generation plant. *please note this achieves an additional revenue average of R15 000/month and will be sold at an additional R1.5M to the asking price. The sale includes a 600kva generator.

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Andrew Dewey

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The Southern Suburbs make up some of the most popular residential areas in Cape Town. With large plots of land and roomy homes, the area attracts a fairly affluent crowd. The suburbs in the area include Rondebosch, Claremont, Plumstead, Ottery, Wynberg, Newlands, Constantia and Bishopscourt, Pinelands, Observatory, Tokai, Bergvliet, Kenilworth and Steenberg. Peaceful, quiet and leafy, the Southern Suburbs are seen by many as the perfect place to bring up children.

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5444 m² Commercial space in Pinelands

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