Web Ref No CACB-5571

INDUSTRIAL PARK FOR SALE IN MAITLAND

Tech Park is well positioned on 8th Avenue Maitland,
with easy access from Voortrekker Road and arterial
routes. The property currently comprises multiple light
industrial mini- and midi-units, all offering drive-in
access, good floor-to-ceiling heights, and ample power
supply. The park offers good signage opportunities and
off-street parking for each tenant.

Erf 3970 m2
GLA 3 012 M2
BULK 9 floors or 15 881 m2
9 UNITS between 118 m2 to 847 m2

The opportunity for the right investor is to either
redevelop the property to maximize the use of the land/
bulk available and build more industrial units with
the view to maybe sectional title the various units. An
alternative, and possibly more profitable development
strategy is the potential to build residential units on the
land as greater numbers of middle-income consumers
move out to the Maitland/Kensington area. This is due
to its accessible transport links into town, good schools,
and cheaper rentals in comparison to the city centre.

The market has shown strong demand for rentals in
Maitland, as rental rates are continuing to grow due to
the proximity of the node to the Cape Town city centre.
In addition to this, the CID has also played a large role
in property values increasing in the node.