Prominent Mixed-Use Investment Property in Cape Town

Prominent Mixed-Use Investment Property in Cape Town

AUCT-001315 | On Auction

139 Wetton Road & 5, 7, 9 Boundary Road, Lansdowne, Cape Town, Western Cape


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Prominent Mixed-Use Investment & Re-development Property. 139 Wetton Road & 5, 7, 9 Boundary Road, Lansdowne, Cape Town

Extent: ± 10 254 m² | GLA: ± 5 135 m² | Total Gross Annual Income ± R4.7 Million | Prime corner site | Excellent exposure | Huge re-development opportunity

These properties are well situated at 139 Wetton Road and 5, 7 & 9 Boundary Road, Lansdowne, in Cape Town. The suburb of Lansdowne lies south of the N2 Freeway and between Kromboom Parkway (M5 Freeway) and Jan Smuts Drive (M17 Freeway), This town is approximately 10 kilometres south east of the Cape Town Central Business District. Nearby suburbs include Rondebosch East to the north, Crawford and Nerissa Estate to the east, Kenwyn to the south and Claremont and Kenilworth to the west across Kromboom Parkway.

The property comprises of four erven and is situated on a combined erf extent of 9 800 m². The property is improved with multiple buildings, with a total Gross Lettable Area of +-5,135m² (excluding the two dwellings). The property comprises a total of 8 Buildings. This is made up of 2 residential dwellings, 3 commercial buildings and 3 Industrial buildings. The property is presently let and generates a gross annual income of ± R 4 840 000.00 per annum. The property offers excellent exposure onto the Wetton Road vehicular and pedestrian traffic.

The properties front onto Wetton Road (M9 Freeway), back onto Walnut Road, and offer exposure onto Boundary Road. The wide frontage onto Wetton Road affords the properties excellent exposure to passing vehicular and pedestrian traffic. Wetton Road is accessed from Chukker Road, which leads to Kromboom Parkway and in turn the N1 and N2 Freeways.

All necessary amenities are situated within close proximity, including a variety of petrol stations, convenience centres and medical facilities.

Commercial Type:
Mixed use Commercial
Web Reference:
AUCT-001315
List price:
POA
Address:
139 Wetton Road & 5, 7, 9 Boundary Road, Lansdowne, Cape Town, Western Cape
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
14 October 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.
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Auction Date: 14 October 2020 11:00 am


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