Prime development opportunity with great exposure situated on the N2 Freeway, adjacent to a BP Service Station, MacDonald’s Drive Thru and Pick ‘n Pay Express.

Easy access from N2, near the signalised intersection of Reunion Drive and the N2. Somerset Crossing Retail Centre is situated on the other side of the N2 (diagonally across the intersection).

The real right to extend the Heritage Park sectional scheme is being offered for sale. Alternatively, the seller is prepared to subdivide the mother erf if the preference is to acquire a freehold erf. This process is expected to take between 12 and 18 months, and if this is the preferred option, a 10% deposit will be required.

A small building of 32 m² (Section 2) has been erected on the property to facilitate the opening of the sectional title register.

The property being sold is fully serviced, and the access roads and parking area have been paved.

Development contributions, as determined by the City of Cape Town, have been paid.

- The extent of land is 3 586m².
- Bulk available in terms of right to extend scheme = 8 045m²
- Bulk available if subdivided to create a freehold erf = 6 500m²
- Zoning – General Business 1
- Height 15 metres; FAR 1,5; and coverage 100%

Section 2, or the real right extension, is shown in green and marked RR1 on the site plan.

The owners have investigated various development options for the property, and concept plans are available for development for either retail or mini-industrial units.

For more information, please contact Richard Scott.