Industrial, Cape Town
Overview
The attraction of this development project lay in its excellent visibility on the high traffic thoroughfare of Koeberg Road in Montague Gardens – the then up-and-coming industrial node being spurred on by the search for high-quality light industrial premises, an alternative to the traditional Cape Town nodes of Maitland, Salt River and Paarden Eiland.
The location, combined with the optimally shaped erf, allowed for an opportunity to be able to offer a high quality product situated within a secure complex while still being able to achieve ample parking, wide drive-ways and substantial turning-circle capacity. Since its inception, these vital aspects have stood the demand for units in good stead and valued tenants have included the Regional Head Quarters of Nandos as well as Atlas Copco International, which has been there for 14 years.
Granite continues to provide tenant management, leasing and corporate accounting to the developer in respect of its remaining units and still serves as managing agent to the Body Corporate.
Key Features
| Acquisition Price: | R1.75m |
|---|---|
| Market Value: | R10m |
| NLA: | 7,000m2 |
| Initial Attraction: | Excellent location for a development opportunity. |
| Initial Strategy: | Developed as sectional title scheme to support bank financing. |
| Current Strategy: | Hold |
Granite Roles
- Property Management
- Lease Procurement
- Corporate Accounting, Secretarial Services and Treasury
- Financial Advisory
- Body Corporate Management