6,451m² Vacant Land For Sale in Penhill

R15,500,000

Monthly Bond Repayment R167,974.59
Calculated over 20 years at 11.75% with no deposit.

Web Ref No RLS908997

Vacant Land for Development

Commercial development opportunity located in the commercial node of Eersterivier. The size of the vacant land is 6,451m2 and is adjacent to an existing commercial retail centre.
Please note the selling price is EXCLUDING VAT.
The land is rectangular in shape and is ideal for commercial retail development. The cost of earthworks and construction should be reduced as the land is fairly level, with several access points.
Eersterivier is centrally located:
• Situated next to main arterial route 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 - forms part of the Eersterivier retail node with high retail capacity demand in Eersterivier CBD area.
• Potential customer access from Eersterivier, Penhill, Bluedowns and Khayelitsha residential areas.
• Area is earmarked for high-density residential living development.
• Roads and infrastructure development completed.
• Limited land available for retail development in the area.