Re-Development opportunity in Established Area

This property forms part of the 5th of December 2024 Telkom property portfolio auction sale and offers great potential for redevelopment

Property Highlights
The property consists of a multi-storey office block that fronts prominently onto Jan Smuts Drive. It is fully fenced and accessible via a secure entrance gate. Most of the yard area is hardened and paved, which allows free vehicular access to all existing buildings. There are two smaller warehouses and multiple undercover parking bays that have been used to house service vehicles.

Property Location
Ndabeni is an industrial suburb located approximately 6 kilometers east of Cape Town's city center. It's a key industrial hub, primarily known for its textile and clothing industries.

Access Roads:
Ndabeni is well connected to the broader Cape Town area through several major roads:
• Old Mill Road: A main arterial road connecting Ndabeni to the city center and the N1 highway.
• Voortrekker Road: Another significant road linking Ndabeni to the northern suburbs and the N1 highway.
• N2 Highway: A major national road providing access to the Southern Peninsula and other parts of the Western Cape.
• N1 Highway: A key national route connecting Cape Town to other major cities in South Africa.
This strategic location, coupled with its excellent road network, makes Ndabeni an attractive industrial destination.

Subdivision:
A portion of the property measuring ± 7 395 m² represents a proposed subdivision/right of way servitude to be registered simultaneously on Registration of Transfer. Please refer to the subdivision diagram on page 35 of the property info pack. All costs to register the subdivision will be for the Sellers
account.

Lease details:
The property will be sold subject to existing leases on parts of the property, with conditions that still need to be confirmed.

Disclaimer
Please note that at the time this was published, there was very limited information on the property available. We will update the latest information as soon as we have gathered more details on the property.