Large industrial site in Salt River likely to attract investors
AUCOR Property has announced that it will be handling a large corporate disposal at its upcoming Cape Town auction taking place next Thursday at 12pm at The Pavilion Conference Centre, The Clocktower at V&A Waterfront.
Aucor Property director Bradley Stephens says, “Following numerous successful multiple and stand-alone auctions in the Cape region, the team has developed strong relationships with numerous institutional sellers looking to de-bulk their portfolios of noncore assets which enables us to bring these type of quality industrial properties to the market.”
Headlining the event is a large industrial property at 5 Malta Road, Salt River, which is located in the traditional industrial area between Observatory and Woodstock.
The property on auction is zoned mixed-use 2, which is cause for great investor interest in terms of the variety that mixed-use 2 zoning allows.
The zoning allows for business premises, industry, residential, place of instruction, place of worship, institution, hospital, place of assembly, place of entertainment, hotel, conference facility, authority use, utility service, rooftop base telecommunication station, transport use, multiple parking garage, private road and open space.
The property features a warehouse building that has a gross building area of 3,800m².
The warehouse is accessed via roller-shutter doors as well as various access ramps within the building and offers premium height. In addition, there is a separate double-storey office building that is about 400m in size and is well-finished.
There are various outbuildings and a tarred yard area.
Additional parking is provided for on the northeastern boundary of the property. However, this parking area is located off the actual property.
Aucor Property business development executive Jonathan Aitken says: “It is a well-known fact that Salt River is undergoing tremendous redevelopment due to the limited space available in Cape Town and as such we have seen significant interest in this site as it is rare for this type of asset to come to market.
“The Salt River site offers both a redevelopment opportunity to an investor or the property could be owner occupied in its current state,” he says.