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Land earmarked for a Shopping Centre

Investment / Residential investment, Buy | South Africa, Western Cape, Wellington, Wellington & Surrounds
Asking price-Icon
15,300,000 ZAR
Approx. 1,072,875 USD
Asking price
Asking price-Icon
15,300,000 ZAR
Approx. 1,072,875 USD
Asking price

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Amenities and special features of this property

Pre-approved shopping centre opportunity.
•Land size:8493m²
Excl. VAT, Incl Commission (R1800/m²)
•Zoning currently: Commercial industrial.
•Zoning required for retail: Municipal approval in principal but not yet done
•Stand 1588 (6,064 m² ) along Blignaut Street, which is owned by the Municipality, was approved in principal to be made available as parking for the proposed shopping center subject to certain conditions. One of the conditions is for the owner to replace the asbestos water supply pipe with HDPE pipe. Area marked in blue.
•Municipality approved in principal a new entrance to the shopping center.
•Building coverage is normally 70%
•Electricity: 1200KVA available with backup. The total park has access to 4800KVA.
•Fiber provided by Vodacom and Paarl online.
•Sewerage connection to main line.
•Greywater available.
•Traffic research was done, and delivery is split from client entrance.
•Prospect tenants: Shoprite (letter of intent for 2000 m²) and other – list available

Additional options are available:
•Extra 4 stands of 3658 m² can be added to enlarge the shopping center;
•A further 3 stands can be added of 2886 m².

Contact your personal advisor
Engel & Völkers Paarl-Franschhoek
  • Paarl-Franschhoek
  • License partner of Engel & Völkers Southern Africa (Pty) Ltd
  • Kobus Taljaard
  • Kliprif Road, 502 Val de Vie
  • 7646 Paarl · South Africa
  • Phone:
  • Cell: 0794997239

Commission Details

Agent's Professional Fee is included in the price advertised.

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