Lans­downe industrial build­ing zon­ing al­lows sev­eral uses

Weekend Argus (Sunday Edition) - - OBITUARIES -

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. gadd@prop­er­ty­

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