Commercial and Residential Development Land

Development opportunity located in the commercial node of Eersterivier.
The land is rectangular in shape and adjacent to an existing commercial retail centre with several access points. The property is zoned as General Business and allows for residential development as well.
Please note the selling price is EXCLUDING VAT.
Eersterivier is centrally located:
• Situated next to the main arterial route (R102) between Somerset West and Cape Town:
• There are four access roads in and out of the area with high traffic volumes and high pedestrian traffic.
• Easy access to public transport at Eersterivier train station and taxi rank which ensures affordable public transport options.
City of Cape Town future development plan:
• Property situated in the Eersterivier commercial node with high retail capacity demand in Eersterivier CBD area.
• Potential customer access from Eersterivier, Blackheath, Penhill, Bluedowns and Khayelitsha residential areas.
• Area is also earmarked for high-density residential living development.
• Roads and infrastructure development completed.
• Limited land available for commercial development in the area.