Tech Park is well positioned on 8th Avenue Maitland, with easy access from Voortrekker Road and arterial routes. The property currently comprises multiple light industrial mini- and midi-units, all offering drive-in access, good floor-to-ceiling heights, and ample power supply. The park offers good signage opportunities and off-street parking for each tenant.
Erf 3970 m2 GLA 3 012 M2 BULK 9 floors or 15 881 m2 9 UNITS between 118 m2 to 847 m2
The opportunity for the right investor is to either redevelop the property to maximize the use of the land/ bulk available and build more industrial units with the view to maybe sectional title the various units. An alternative, and possibly more profitable development strategy is the potential to build residential units on the land as greater numbers of middle-income consumers move out to the Maitland/Kensington area. This is due to its accessible transport links into town, good schools, and cheaper rentals in comparison to the city centre.
The market has shown strong demand for rentals in Maitland, as rental rates are continuing to grow due to the proximity of the node to the Cape Town city centre. In addition to this, the CID has also played a large role in property values increasing in the node.
Internationally renowned, and with its reputation even further enhanced during the 2010 World Cup, Cape Town is, and remains South Africa's premier tourist destination. And it's a given that Cape Town property will remain a hot favourite for both South African real estate investors as well as overseas investors.
Cape Towns' plethora of world renowned attractions includes its stunning coastline and beaches. Table...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
