Prime Commercial land available in sought after Burgundy Estate, Cape Town. 5800 Development opportunities exist within the Estate, providing a golf course, mountain biking track and other recreational facilities (see Burgundy Estate website for more details). This site is one of 6 commercial sites in the Estate. The Estate is centrally situated to Parow, Durbanville, Table View and Cape Town, all within 10 to 12 km from the site. The site is zoned commercial and has a bulk of 1 and covergage of 75%. Maximum height above ground floor level is 11 metres. A basement plus 3 storeys can be constructed. The street building line is 2 metres and side and rear building lines are 3 metres. Parking requirements are 6 bays per 100m2 GLA for a supermarket, Single/line shops require 4 bays per 100 m2 ,as well as restaurants and offices. This represents an excellent purchase at R2000 per bulk m2. A quantity surveyor feasibility study is available showing a net yield of 11% or a developer's profit in excess of R13 million if onsold on a cap rate of 9%.
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