Description

Salient details of this Option summarized as follows:

Land Size: 10,000m2

Bulk allocation: 30,000m2

Zoning: General Business Subzone 7 (GB7)

Price per bulk m2: R4,000

Price (Excl. VAT): R 112 500 000 (Negotiable) 

This is the last PRIME vacant land for sale on the Tygervalley Golden Mile with has 3 access points to the ERF.

A) Plans of an architect's impression for an office with a retail building on the site, available.

B) Townplanner, Anton Lotz’s confirmation of the town planning conditions pertaining to said

     ERF, dated 29 November 2021, reflects multiple use development opportunities.

C) Excellent track record of seller.

On request, and subject to an NDA, the following will be made available:

A) Copy of the Title deed number

B) Copy of independent valuation reports.

Permissible Primary Uses:

Business, House dwelling, second dwelling, boarding house, 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:

Adult shop, adult entertainment business, adult services, informal trading, expo centre, motor repair garage, warehouse, freestanding base telecommunication station, wind turbine infrastructure, transport use, helicopter landing pad and service station.

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 & ½ (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.

Bibi Best is a representative of Real Estate Power CC T/A RE/MAX Premier, a franchise of RE/MAX SA. Each office independently owned and operated.