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Montague Gardens industrial Rentals – Richmond Park

Montague Gardens industrial Rentals - Richmond Park

LET

Montague Gardens Industrial Rentals – Richmond Park. This precinct (suburb) is in the process of developing into a mixed-use commercial precinct. It will have about 300,000m² of gross lettable area upon completion, mainly for industrial usage. The 99-year lease will enable a lower overhead structure.

Location – The site is between Tygerberg Valley Road, Plattekloof Road (the M14) and the N7 Freeway. The site is in proximity to the N7 off-ramp.

Access – Two major arterial routes, the N7 and the M14 (Plattekloof Road), service Richmond Park. Easy access to the N1 highway, Cape Town Port, the Cape Town CBD and the Cape Town International Airport.

Montague Gardens industrial Rentals - Richmond Park

There will be a range of different properties for Rent:

1. Approximately 2,500m² warehouse

FINANCIAL
A monthly net rental as at 1 March 2018 of R70.00/m² (Excl. VAT) will be payable and will escalate at 8% per annum.
The above rentals exclude rates, taxes, levies and consumption charges, for which the Tenant will be liable.
TENANT FIT-OUT ALLOWANCE
The building specification for building allows for a tenant fit out of R650.00/m² per GLA offices.
TRIPLE NET LEASE
The Tenant shall be responsible for the full repairing, maintaining and insuring of the lease premises.

2. Approximately 8,500m² warehouse

The site that will accommodate the Spec Warehouse and Offices measures approximately 14 258m².

The rentable areas and parking provision of the Spec Warehouse and Of Offices will be as follows:

Warehouse                            =          7,340m²
Warehouse Mezzanine        =          378m²
Offices                                    =          838m²
Parking Bays                          =          85 bays

FINANCIAL
A monthly net rental as at 1 March 2018 of R65.00/m² (Excl. VAT) will be payable and will escalate at 8% per annum.
The above rentals exclude rates, taxes, levies and consumption charges, for which the Tenant will be liable.
TENANT FIT-OUT ALLOWANCE
The building specification for building allows for a tenant fit out of R650.00/m² per GLA offices (838m²).
TRIPLE NET LEASE
The Tenant shall be responsible for the full repairing, maintaining and insuring of the lease premises.

Location and Features of Richmond Park

Cape Town’s efficient MyCiTi rapid transit system, which runs along Tygerberg Valley Road, services Richmond Park.
Richmond Park  has  the  following unique offering to  its  future occupants:
–   Proximity to Cape Town International Airport, Cape Town Port & Cape Town CBD
–   Access  to  residential  estates  that  caters  for  various  price  categories,  such  as Burgundy Estate
–   Public transport – taxi, bus (MyCiTi)
–   Proximity to Cape Town International Convention Centre
–   Proximity to Century City
–   Secure mixed-use precincts
–   Wide internal roads and well landscaped green open spaces

Availability of Services – All essential services and connections will be available to the site boundary upon lease commencement.   Eskom is providing the power supply to Richmond Park. The direct Eskom supply results in savings in consumption charges if compared to other utility suppliers (i.e. City of Cape Town) in the Western Cape.

Open Access Fibre Network – Richmond Park has secured a single fibre optic open-access- network for data. This means that the Spec Warehouse will have an un-equivalent open access fibre network at market-related rates.

Park Levy – All occupants within Richmond Park will become part of the Property Association (Non-Profit Company) that is governed by a set of predetermined rules, memo’s and articles. The Association is responsible for cleaning, landscaping, routine maintenance, etc. of the common areas. The anticipated park levy for 2017 is estimated at ±R0,90 (excl Vat) per m2 site area. This levy excludes any municipal charges and/or levies such as assessment rates, utility services, consumptions, etc. which will be a direct tenant cost.

Deals already signed at Richmond Park. Agreements have been concluded. Mustek Limited, CTM and Cape Fruit Coolers have already signed agreements. Various other transactions are currently under negotiation.

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Montague Gardens industrial Rentals – Richmond Park

Property Details

Price: R187,500
Type: Rented
Occupation Date: March, 2025
Address: Richmond Park, Montague Gardens
Rentable Area: 2,500.00 m²
Property ID: 164

Additional Features:
24-Hour Security, Abundant Power, Large Floor-to-Ceiling Height, Modern Roofing Materials, Montague Gardens, Occupation date by negotiation

Tags:
Let

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Montague Gardens industrial Rentals - Richmond Park
Montague Gardens industrial Rentals - Richmond Park
Montague Gardens industrial Rentals - Richmond Park
Montague Gardens industrial Rentals - Richmond Park
Montague Gardens industrial Rentals - Richmond Park
Montague Gardens industrial Rentals - Richmond Park

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Articles & Documents

  • Epping Property Newsletter – 2025 edition
  • The Brokers of Epping Property
  • Industrial Rental Growth in the Western Cape outpaces Inflation
  • Trends in Industrial Real Estate in South Africa: A Spotlight on Cape Town in 2025
  • 17 Industrial Properties Sold in Cape Town by Epping Property
SAPOA

Testimonials

Tafelberg Furnishers

Following a fire at our Epping factory, we decided to reconfigure the business differently and sell the Epping property. Epping Property secured us an excellent transaction to a solid purchaser. We would highly recommend Epping Property as experienced, trustworthy industrial property dealmakers.

Management, Tafelberg Furnishers

Epping Property
2020-01-16T16:01:19+02:00

Management, Tafelberg Furnishers

Following a fire at our Epping factory, we decided to reconfigure the business differently and sell the Epping property. Epping Property secured us an excellent transaction to a solid purchaser. We would highly recommend Epping Property as experienced, trustworthy industrial property dealmakers.
https://www.eppingproperty.co.za/testimonials/management-tafelberg-furnishers/

AVI Ltd

During November we were a little stuck in finding an appropriate warehouse to relocate to. Epping Property did an extensive search in all the central industrial areas. They eventually found our suitable premises and negotiated a deal that both ourselves and the landlord were very happy with.

Management, AVI Ltd

Epping Property
2017-05-08T11:48:22+02:00

Management, AVI Ltd

During November we were a little stuck in finding an appropriate warehouse to relocate to. Epping Property did an extensive search in all the central industrial areas. They eventually found our suitable premises and negotiated a deal that both ourselves and the landlord were very happy with.
https://www.eppingproperty.co.za/testimonials/management-avi-ltd/

Growthpoint Properties

Epping Property reliably assists us in keeping our portfolio in the Central Industrial areas of Cape Town tenanted with good, solid businesses. We can highly recommend anyone looking to rent or to buy property in Epping to deal with the experienced Epping Property team.

Management, Growthpoint Properties

Epping Property
2017-05-08T11:48:51+02:00

Management, Growthpoint Properties

Epping Property reliably assists us in keeping our portfolio in the Central Industrial areas of Cape Town tenanted with good, solid businesses. We can highly recommend anyone looking to rent or to buy property in Epping to deal with the experienced Epping Property team.
https://www.eppingproperty.co.za/testimonials/director-edge-properties/

Truworths Limited

We are exceptionally happy with the purchase of both 22 and 26 Bertie Avenue in Epping. It makes 100% sense for our company to have secured this location. We will now be expanding the warehousing and distribution side of our business onto the properties. Thank you.

Management, Truworths Limited

Epping Property
2017-05-08T11:49:17+02:00

Management, Truworths Limited

We are exceptionally happy with the purchase of both 22 and 26 Bertie Avenue in Epping. It makes 100% sense for our company to have secured this location. We will now be expanding the warehousing and distribution side of our business onto the properties. Thank you.
https://www.eppingproperty.co.za/testimonials/management-truworths-limited/
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