Accepting Offers.
DESCRIPTION:
Solid, fully tenanted mixed-use investment opportunity or a redevelopment project. Currently, 2 income-generating buildings on 1 erf. This MU2 zoned site has additional bulk potential for up to ±1,700m².
Located within close distance of Albert Road, Voortrekker Road, and Durham Avenue. Surrounding business parks and offices, nearby retail hubs like Old Biscuit Mill and Riverlands Mall.
Building 1 has ground-floor workshop space that can be used as garage storage (up to 6 vehicles), roller-shutter access, and a residential apartment on the top floor (2 bed with BIC, 1 bath, lounge & fully-fitted kitchen open-planned, tiled throughout). Estimated GLA ±220m² under roof - Commercial and Residential each ±110m².
Building 2 has ground-floor retail/commercial space with roller-shutter access, a dedicated office and lobby area, and a residential hostel on the top floor with multiple rooms and bathrooms, a shared kitchen, and a covered deck. Estimated GLA ±400m² under roof.
Additional features: balconies, burglar bars & security gates, CCTV cameras,
Tenant mix: Residential (student accommodation), commercial (print studio)
Zoned: Mixed Use 2
Development Potential:
• FAR factor – 4x
• Coverage – 100%
• Max Height – 30m
• Street setbacks – 8m
Any and all development uses stated above would need to conform to the appropriate submission of applications with COCT.
VAT applicable transaction.
View by Appointment. Contact Sanjeev & Sachin today.
DETAILS:
• Erf size: 428m²
• Zoning: Mixed Use 2
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Woodstock, Cape Town, Western Cape
