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Rivergate – Industrial/Logistics Development Opportunity

R80,000,000

Detail

Updated on September 2, 2021 at 12:38 pm

  • Property Type: Development Land, Industrial
  • Property Status: For Sale
  • GLA: 33 225m²
  • Extent : 57 545m²

Description

Vacant land with  bulk area of 33 225 square meters. Suits Light Industrial/ Logistics in a new commercial, retail, business and light industrial environment.  New development area in close proximity to the city as well as access via Sandown road to the West Coast.

About Rivergate:

Rivergate is located east of the Atlantis railway line and straddles Sandown Road close to its intersection with Malibongwe Boulevard (M12), which in turn will give Rivergate direct access to the N7, the N1, greater Cape Town, and in particular, to Cape Town international airport.

Rivergate is a mixed land use development, with a commercial strip on either side of Sandown Road (the Commercial precinct), a business and light industrial area to the north of the commercial strip (the Business Park), a more affordable residential area south of the commercial strip extending down to the Diep River (Pioneer Valley) and the area in the west straddling the railway line (the Station precinct).Rivergate will be served by Cape Town’s ”MyCITI” integrated rapid transport bus system, and in years to come by a commuter rail link on the existing Atlantis railway line. The initial bus system will, once the area is occupied, run along Sandown Road in both directions forming a loop around Table View, Parklands/Sunningdale and Du Noon, to and from the Bayside Centre via Blaauwberg, Koeberg, & Potsdam Roads.

The original town planning premise that has guided the development of Rivergate, Parklands, Sunningdale and Sandown has been that the whole area should be easily accessible by foot, bicycle and public transport, in addition to having good private vehicle links to greater Cape Town. Thus the street layout is such that every household is within easy walking distance of both the public transport routes, and of shops, public open spaces, play parks, and other supporting facilities. Consequently the implementation of the MyCITI bus system has already made this design parameter a reality in Parklands and Sunningdale, and as Rivergate and Sandown are further developed, the same ease of movement will be evident.

It is expected that the Rivergate railway station node could develop into a regional urban node of some considerable importance. Land has been suitably zoned to allow for the development of government and public facility offices in this node, so as to provide the area with a wide variety of services. This zoning permits a local clinic, a hospital, magistrates court, police station, local library and other such like facilities, together with commercial offices and high density residential land uses.
Provision will also be made for local markets, providing space for both the formal and informal trader, nearest the future railway station.

 

Additional Information

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