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Description

Introducing a  477m2 office and warehouse space now available in Okavango Park, situated in the thriving industrial hub of Brackenfell. Priced at R35,000 ex VAT, this property offers a location, that is well known, slightly decentralised, suffering less congestion, and within a thriving hub. Easy access to your clients in the Northern suburbs of Cape Town, for use as a mini DC.

Positioned in Brackenfell, businesses benefit from proximity to major transport routes, including the N1 and Okavango Road, facilitating easy access to Cape Town and surrounding areas. Additionally, Brackenfell offers a range of amenities, such as shopping centres, restaurants, and residential areas, providing convenience for employees and clients alike.

Zoned as General Industrial 1, this property presents an ideal opportunity for businesses seeking a strategic location in a dynamic industrial environment.

With only 2 properties available for lease out of a significant inventory of 413 industrial stands, there is limited rental availability in Brackenfell. This suggests a low vacancy rate. Investors should carefully assess rental demand and potential rental yields before considering leasing properties in Brackenfell.

In 2023, 16 units were sold in Brackenfell, with a total sales value of ZAR 112 million. While this represents a moderate level of sales activity, investors should analyze the reasons behind the sales volume and consider factors such as market conditions, property pricing, and buyer preferences. The average property value of R7 million which is fair value per m2. Understanding the market dynamics of Brackenfell is crucial for making informed investment decisions. Factors such as vacancy rates, rental yields, demand drivers, and development projects in the pipeline can influence the attractiveness of the area for investors. Assessing the prospects of Brackenfell is essential. Investors should consider planned developments, infrastructure projects, zoning regulations, and economic trends that could impact the area's property values and rental yields over time.

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Details

Updated on March 20, 2024 at 2:05 pm

  • Reference #: 1359223
  • Price: R35,000
  • Suburb / Town: Brackenfell
  • Property Type: Industrial Property
  • Available From: February 6, 2024
  • Building Size: 477.0 ㎡

Additional Features

  • Mandate Price:total gross price
  • Measuring Unit:Metres Squared

    Address

    7 Tarentaal Crescent