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Industrial property makes a rare investment opportunity

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Set on a 10757m² erf, this Lansdowne property has potential to subdivide the existing buildings and increase the lettable space.

Cape Town’s business community is rapidly expanding and the need for industrial space is steadily growing.

Lansdowne is less than 20km from the CBD, which renders it a highly suitable location. This industrial complex, zoned for General Industrial 2, comprises showrooms, offices and warehousing with appeal to a variety of business concerns, from retail to the film industry, storage and wholesale.

The complex is fully tenanted for the next year, which significantly compounds its investment appeal in terms of immediate returns. With multiple entry points for loading, and container access, the options for tenants are infinite.

Set on a 10757m² erf, this property has potential to subdivide the existing buildings and increase the lettable space, currently at 7354m². This creates opportunities for increased rental income.

The site offers an abundance of parking and is completely secured.

“A property of this magnitude, suitable for an array of businesses, does not come to market every day. It is a rare investment opportunity which could yield significant returns almost immediately,” says Mike Baigel, ClareMart Group Auctions executive.

View the property at 13 Blomvlei Road, Lansdowne, today and on July 18 from 12noon to 2pm.

This multiple auction by the ClareMart Auction Group will take place at the One&Only Hotel, Dock Road, Cape Town V&A Waterfront, on July 25 at 12.30pm.

A 5% deposit and 10% auctioneer’s commission (excluding VAT on commission) will be payable on the fall of the hammer. The balance is payable on registration of transfer.

Cape Times Property

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