Property
Description
Property Description
Located in the rapidly growing suburb of Milnerton, this prime property at 4 Millvale Road offers an outstanding opportunity for developers and investors looking to capitalize on its flexible zoning and strategic location. With General Business 4 (GB4) zoning, this site is ideal for a variety of mixed-use developments, including residential, commercial, and retail purposes.
Property Highlights:
• Zoning: General Business 4 (GB4) – Perfect for mixed-use developments with residential, commercial, and retail possibilities.
• Site Area: 1,343m² with a permissible floor factor of 4029m².
• Building Structure: Seven above-ground storeys featuring residential apartments and parking facilities.
• Basement Parking: 850m² of flexible space, suitable for parking or conversion into retail, office, or storage units.
• Residential Units: Develop up to 100 apartments ranging from 35m² to 76m², each with private balconies of 3m² to 15m², ideal for young professionals, investors, and small families.
Features
• Address: 4 Millvale Road, Milnerton
• Zoning: General Business 4 (GB4) – Ideal for mixed-use development
• Site Area: 1,343m²
• Permissible Floor Factor: 4029m²
• Achieved Coverage: 1,110m²
• Height Restrictions: 25m (DMS) / 27m (Ysterplaat Airbase Overlay Zone)
• Basement Parking: 850m² with flexible use options
• Floors: Seven above-ground storeys
• Residential Units: Apartments from 35m² to 76m² with private balconies
• Excellent Accessibility: Close to Century City, Cape Town CBD, and Montague Gardens
Strategic Location:
Situated in Milnerton, this property benefits from excellent connectivity and access to key nodes:
• Accessibility: Easy access to Koeberg Road and the N1 highway, linking to Century City, Cape Town CBD, and Montague Gardens.
• Nearby Key Nodes:
o Century City: A vibrant commercial hub with shopping malls, offices, and entertainment.
o Montague Gardens: A prominent industrial and logistics center.
• Coastal Lifestyle: Close to Milnerton beaches and recreational areas, enhancing residential appeal.
• Amenities: In proximity to schools, medical centers, retail hubs, and leisure facilities, making it attractive for both residential and commercial tenants.
This property offers unparalleled development potential in a strategic location.