The Good Hope Centre, on unregistered Erf 161669 Cape Town, situated at 11 Sir Lowry Road in central Cape Town spans 24,843m², is zoned Mixed Use Subzone 2 and is currently leased on a short term lease basis.
The Good Hope Centre is categorised as a Grade 3B heritage resource.
PROPERTY DETAILS
Unregistered ERF 161669 Cape Town
ADDRESS
11A Sir Lowry Road, Foreshore, Cape Town
ZONING
Mixed Use Subzone 2 (MU 2)
USAGE
Business Premises, Industry, Conference Facility, Expo Centre, Place of Assembly, Place of Entertainment, Place of Instruction
PERMISSIBLE BULK
Limited to current GLA of 8 038 m²
Potential bulk in line with MU2 zoning parameters can be unlocked through a Land Use Management Application supported by specialist studies
SIZE
2,4843 Ha
Payment Terms:
An initial deposit of 10% (TEN) of the purchase price on the fall of the hammer;
The Auctioneer’s Commission at the commission rate applicable in accordance with the table below (excluding VAT) at the fall of the hammer:
Commission Percentage Rate (%) (excl VAT) of the Purchase Price (excl VAT) in Rand Value as recorded by auctioneers
1 R50 000 001 and above - 1%
2 R10 000 001 – R50 000 000 - 1.25%
3 R5 000 001 – R10 000 000 - 2%
4 R1 000 0001 – R5 000 000 - 3.5%
5 R500 001 – R1 000 000 - 3.75%
6 R500 000 and below - 4%
For further information please contact Rob Stefanutto or email coctproperties@claremart.com for a full information pack.
Property Address
Foreshore, Cape Town, Western Cape
