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Richmond Park – Mixed-use Commercial Precinct – FOR SALE/TO LET

Montague Gardens, Cape Town,
South Africa
R67/m² For Rent
Industrial to let
  • 233
  • 0
  • Size: 439m2

Description

Richmond Park will be developed as a mixed-use commercial precinct

±300,000 m² of gross lettable area, on a 99-year leasehold basis.

Origin Park will be developed as a Light Industrial & Distribution Park within the greater Richmond Park.

Location – The proposed site is located on Tygerberg Valley Road, in the Central Precinct. The site is in close proximity to the N7 off-ramp. Security – The Park will enjoy its own security and 24-hour access control. The perimeter of the Park will be fenced by 2.4m Clearvu (or similar) fence.

Lease / Sale – The units will be available on either a sale (leasehold title) or a lease basis. A minimum lease period of 5 years will be applicable.

Areas – The rentable areas and parking provision of Origin Park is as follows:

 

Unit Numbers: 1, 4, 11, 14

Ground Floor: 259m²

Office Area (assumed on mezz): 30m²

Mezzaine (exl office area): 92m²

Total: 381m²

Open Parking: 4

 

Unit Numbers: 2, 3, 12, 13

Ground Floor: 238m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 87m²

Total: 355m²

Open Parking: 4

 

Unit Numbers: 5-10, 15-20

Ground Floor: 394m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 168m²

Total: 592m²

Open Parking: 6

 

Unit Numbers: 21

Ground Floor: 420m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 168m²

Total: 618m²

Open Parking: 6

 

Unit Numbers: 22

Ground Floor: 298m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 111m²

Total: 439m²

Open Parking: 4

 

Unit Numbers: 23

Ground Floor: 398m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 161m²

Total: 589m²

Open Parking: 6

 

Unit Numbers: 24

Ground Floor: 663m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 283m²

Total: 976m²

Open Parking: 10

 

Unit Numbers: 25

Ground Floor: 642m²

Office Area (assumed on mezz): 30m²

Mezzanine (exl office area): 273m²

Total: 945m²

Open Parking: 9

 

RENTAL The monthly gross rentals as at 1 June 2019 is R67.00/m2 of GLA and will escalate at 8% per annum, which includes operating cost. The above rentals exclude VAT, rates, taxes, Origin Park levy and consumption charges, for which the Tenant will be liable.

SALE (LEASEHOLD TITLE) The units will be available at a sales price of R8 750.00/m2 (1 June 2019 Occupation), excluding VAT.

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