R 6 558 825 | factory property for sale in paarden eiland

A warehouse is available to purchase in Paarden Eiland. The unit includes great office space as well as a contained kitchenette and WC facilities. Paarden Eiland is historically the oldest industrial node in Cape Town and is a highly sought after industrial location due to its almost direct access to Cape Town Harbour as well as being adjacent to the N1. The area is bordered by the N1 from Cape Town, Marine Drive from the Port of Cape Town to Milnerton, Koeberg Road from the M5 to Milnerton and the Zoar Vlei Wetland Reserve. Properties change hands at a premium and are seldom available for sale. Industrial, manufacturing and retail industries are very active, however, the focus is mainly on the marine industry i.e. shipping, chandling, freight, containers, cargo, logistics, cold storage, distribution, marine equipment etc. Warehouse units accommodate a variety of enterprises from cold storage, logistics and ship chandling to panel beaters and mechanics. Usually, the properties enjoy ample power. Most of the properties in the area are around 20 years old and bring in excellent rentals. Newer properties enjoy good height, container access and yard facilities and are able to achieve high end rental rates. The new My Citi IRT system runs through Paarden Eiland and the area is also serviced by a train station. Security in the area has also been improved due to the Paarden Eiland CID initiative.