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99 YEAR BUILDING RIGHTS LEASE AUCTION AD2 AUCTION IN CAPE TOWN, WESTERN CAPE AUCTIONED BY THE HIGH STREET AUCTION COMPANY

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CAPE TOWN - COMMERCIAL PROPERTY

99 YEAR BUILDING RIGHTS LEASE AUCTION

DESCRIPTION:

LEASE AUCTIONTOWER BLOCK BUILDING RIGHTS 99 YEAR LEASE (60+20+19)REGISTRATION FEE: R1 MILLIONConservative bulk estimate: ± 25,000m²Remaining bulk rights could be exploredSubject to a formal planning process274 x Already-constructed parking baysParking bays located in CTICC2 building (B1)A portion of Erf 192 earmarked for overflow parking Highest and Best Use: Multi-level hotel, leisure and offices Zoning: GB6/GB7*Disclaimer: Building footprint is only for illustrative purposes
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