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R 22 864 000

Commercial Property for Sale in Rivergate

59 Sandown Road, Rivergate, Milnerton

14 656 m²
- m²: 14 656 m²
- Hectares: 1.466 ha
- Acres: 3.622 acres

NO TRANSFER DUTY

Contact Broker

Dave Macleod-Elliott

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Retail & Office Opportunities (zoned General Business GB1)

The Rivergate Commercial Precinct occupies a prime location at the northeast gateway of one of Western Cape's fastest-growing areas, encompassing several suburbs.

Situated along the recently expanded Sandown Road, the precinct offers exceptional opportunities for developing multi-story buildings for office and retail purposes, including shops, supermarkets, and financial institutions.

It benefits from excellent visibility due to its frontage on Sandown Road and is fully serviced with necessary infrastructure in place.

The precinct is managed by the Rivergate Commercial Precinct Property Owners Association, ensuring orderly development according to established guidelines. Additionally, the site includes VAT, electricity bulk capacity, and a contribution levy, with a 4-year construction timeline.

For more information, contact Dave Macleod-Elliott.

Listing number: P24-114191322, Image number: 1

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Property Overview

Listing Number

114191322

Type of Property

Commercial Property

Street Address

59 Sandown Road, Rivergate

Listing Date

26 March 2024

Erf Size

14 656 m²

No Transfer Duty

Yes

Furnished

Optional

Building

Multi Tenanted

Points of Interest

Bond Calculator

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(Transfer Duty Excluded)

This property has been flagged as “No Transfer Duty” by the agent/seller, we have therefore excluded a transfer duty of from the total once-off cost calculation.

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*Disclaimer: Please note that by default this calculator uses the prime interest rate for bond payment calculations. This is purely for convenience and not an indication of the interest rate that might be offered to you by a bank. This calculator is intended to provide estimates based on the indicated amounts, rates and fees. Whilst we make every effort to ensure the accuracy of these calculations, we cannot be held liable for inaccuracies. Property24 does not accept liability for any damages arising from the use of this calculator.