Land for sale

Van Der Stel Street, Somerset West, Western Cape, SOUTH AFRICA


ZAR 12,950,000
S.O.A.

Description

A sought-after Vacant Business property (Zoned Local Business 2) ready for development!! This vacant stand is one of the last available commercial properties in the Somerset West area. This unique site, bordered on three sides by roads, offers an exceptional passing trade and is on the doorstep of the Vergelegen Medi-Clinic and Arun Place Office complex. The stand is located to the far end of Somerset West Main Road which allows easy access to the N2 highway, Strand and Gordon's Bay. Popular nodes surrounding the property includes the Gants Plaza Industrial area and Heritage Park with the Central Business District of Somerset West a mere one kilometre away. The stand is level and clear of unsightly vegetation and rubble, with an attractive oak tree positioned just off center. The property is not fenced and is not frequented by vagrants.

The property falls within the jurisdiction of the City of Cape Town. This 2 898 meters squared stand, with its zoning of Local Business 2, offers the following development criteria: Coverage is 75 percent, Height is 12 meters base to roof top, FAR, FSR is1.0 , Building Lines is 8 meters from center line of street (side and rear as per SDP), Parking Ratio is dependant on usage. Based on the above, the site allows for Primary usages which includes shops, offices, dwelling house, block of flats, place of instruction or worship, institution, clinic, guest house, service trade, utility service etc. The site also allows for Consent usages which includes Place of assembly, restaurant, sale of alcoholic beverages, place of entertainment, business premises, supermarket, plant nursery, hotel, conference facility, motor repair garage, service station, etc. This property is ideal for any retail, medical suites/offices or a variety of uses and offers a not to be missed opportunity for a serious investor to capitalise on this prime location and trafficked intersection.

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Land
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Property reference
99
staff

Andre Liebenberg