Assetbridge Real Estate

Industrial and Commercial Property Specialists

KNOWLEDGE & INTEGRITY

30 YEARS OF EXPERTISE

Atlas Gardens For Sale

Atlas Gardens Land For Sale

  • 5 800 m2     R 8,700,000.00
  • 3 084 m2      R 5,500,000.00
  • 1 844 m2      R 3,850,000.00

Location:

Situated at the foot of Durbanville Hills Winery on Contermanskloof Road, is Atlas Gardens a 24-hour secure park with various top-class facilities. Since the early development stages of this park Atlas Gardens lay on the urban edge and a large percentage of the properties was still owned by the initial developers and a few owner occupiers. The park is very well run and maintained with good infrastructure, indigenous landscaping and high security aspects – 24-hour access controlled, CCTV cameras and full perimeter fencing.

Atlas Gardens is strategically situated on the perimeter of the urban edge towards the West Coast and Malmesbury with access through full on and off ramps onto the N7. Predominantly serving as an alternative to Killarney Gardens due to security as well as Montague Gardens, the park has however seen an increasing number of companies from Tygervalley and Durbanville locating here.

Sales:

The last transaction Assetbridge recorded was Erf 48 to Rabie Property Developers, a 1,432m2 in 2017 for R 2,000,000, prior to this Assetbridge Real Estate concluded the sale of two erfs totalling 9,514m2 to Moov Fuel in 2015, sales price R 11,930,556. Other sales within the park included:

  • Erf 61 (Mastercargo), 4,904m2 in 2014 for R 6,840,000 – LAND SALE
  • Erf 42 & 43 (Sycamore Park Multiple units) 4,510m2 in 2014 for R 6,765,000 – LAND SALE
  • Erf 53 (Baldwin Filters) 8,135m2 and building 5,200m2 in 2013 for R 39,729,000

For the year 2018 only three of the 49 plots are still available for sale with the remainder of the vacant plots undergoing the final stages of development approvals.

Building Guidelines:

The coverage is 65%, (allows for 900m2 building) the height restriction is 11m. The property is zoned for a light industrial business operations. Allowed for the warehouse and an office component. You can see what the spec is if you drive around in the park. The architectural design guidelines are available on request.

Building lines:

  • Rear boundaries

Internal erven adjacent to other internal buildings, b/ line = 3m

  • Front boundaries

Internal erven adjacent to internal roads building line = 2m road reserve approx. 4m behind kerb line i.e. street building line = approx. 6m behind road kerb line

  • Side boundaries

One side boundary 4,5m and the other side 0m side building lines

Construction:

All documentation regarding guidelines for architectural purposes and plan approvals will be provided along with the purchase agreement. If you drive around in the park you get the general idea of what is permitted in terms of building design. Water and electricity is available, the buyer is responsible for arranging connections through local council.

Building rates normally vary between the different provinces of South Africa. Included in the rate is the cost of appropriate building services, e.g. air-conditioning, electrical, etc., but exclude costs of site infrastructure development, parking, any future escalation, loss of interest, professional fees and Value Added Tax (VAT).

Industrial Rate – per m² (excl. VAT)

Industrial warehouse, including office and change facilities within structure area (architect/engineer designed)

  • Warehousing 6 m height including ablutions R 5,000 – R 6,000
  • Warehousing 8 m height including ablutions R 5,500 – R 6,500
  • Administration offices, ablution and kitchen R 7,500 – R 9,500
  • External works, paving and services R 3,000 – R 3,500

For more information and further enquiries contact the Atlantic Hills property specialist Andrew Hough on +27 72 176 6159 or email: andrew@assetbridge.co.za.