Lansdowne industrial building zoning allows several uses
PROPERTY.CoZa has been instructed to sell by public auction a double-storey building in a prime location in the Lansdowne industrial area. The auction will take place on site in Nerissa Estate next month.
The building, which currently serves as a nightclub, is sited on an erf measuring 1 573m² on the corner of Castor and Pollux roads, says Mark Gadd, who heads Property. CoZa’s auction division.
“The floor space is about the same size and there is plenty of off-street parking,” he says,
The property has a GI2 (General Industrial 2) zoning, which permits it to be converted into a distribution depot, a storage facility or mini industrial units, among other primary uses, in keeping with the surrounding buildings, he says.
The development rules pertaining to this zoning allow a floor factor of four with 75% coverage, with no restriction on height for industrial usage.
“With a GI2 zoning, the sky is the limit for a purchaser in terms of potential development opportunity on this site, both value-wise and from an excellent investment rental return point of view.”
The property is located in a thriving industrial node with established industrial warehousing and is close to arterial routes.
“The Nerissa industrial node lies between Lansdowne Road and Turf Hall in the southern suburbs, with Jan Smuts Drive dividing the area.
“Being within easy reach of the main highway routes, the building offers accessibility to Cape Town International Airport, about 15km from Lansdowne and the harbour and container terminals, about 11km away.”
Gadd says Lansdowne is well serviced by minibus taxis, and the Lansdowne railway station is within easy walking distance of all businesses in the industrial area.
Well-known landmarks such as Revelstone, Roofing and Steel, Good Hope Sales, Nutec, Gatti Ice Cream, AMC Cookware and HQ Foods form an integral part of the Nerissa Estate/Lansdowne industrial area, he says.
“The industrial area is surrounded by residential neighbourhoods that include numerous schools, offering an ideal environment for whiteand blue-collar workers who want to live close to their places of work.”
To suit its current existence as a popular nightclub, the building to be auctioned has been divided into several areas, including a VIP area, a DJ playing booth, a games area and four different bars, with seating and tables throughout.
The sale will include all furniture and equipment, including fridges and sound equipment, and a liquor licence.
“The only exclusions will be the name of the club and personal ‘My Bar’ logo, both of which will be retained by the seller.”
Gadd says if the purchaser wants to use the building as industrial premises, the equipment could be sold to interested parties.
He says the main building has roller-shutter doors to facilitate the dispatch of goods and is well secured.
The building includes toilet facilities and a separate studio with private entrance. The studio is used for photo shoots by private companies, providing extra income for the buyer.
The property will be auctioned on site, on the corner of 14 Castor and 7 Pollux roads, Nerissa Estate, Lansdowne, at noon on July 26.
Viewing is by appointment or one hour before the auction.
A deposit of 5% and the auctioneer’s commission of 10% plus VAT will be payable on the fall of the hammer. FICA documents – a copy of the potential bidder’s identity document and proof of address in the form of a utility bill no older than three months – must be produced on registration and before the auction commences.
For details or a copy of the terms and conditions with an offer to purchase, call Mark Gadd on 021 434 3490 or 081 770 5017, or email at mark. firstname.lastname@example.org.
The building, housing a nightclub, comprises a VIP area, a DJ booth, a games area and four bars, with seating and tables throughout.