Sold in Epping Cape Town. A prime industrial unit in Trippessa Park in Epping 2 has been sold by Epping Property. Trippessa Park is a modern industrial park offering 24-hour security and excellent visibility. The unit measures 509m² and is held by means of Sectional Title. Trippessa Body Corporate is a very well run body corporate. The buildings have been built with the most modern building materials with an emphasis on low maintenance. The up-to-date roofing is in full compliance with the highest international standards, including the high standards required for food-related businesses. Access to all the major highways is very good as is proximity to all forms of public transport.
Benefits of ownership via sectional title
Owning in a sectional title scheme has its advantages. An owner of a unit in a sectional title scheme automatically becomes a member of the scheme’s body corporate. The body corporate is the legal entity that owns and controls the common property in the sectional title scheme. The body corporate is responsible for laying down the rules that have to be adhered to by all the owners.
The body corporate receives funds from all the owners by means of levies, which are used to pay for the expenses of the sectional title scheme. Unlike freehold properties, where the owners have to pay for their own property insurance and for the upkeep of the pavement, garden, and exterior of their premises, owners of sectional title units pay a monthly levy instead. The levy usually includes the insurance premiums, maintenance of the common property, wages and salaries of cleaners, security and other staff involved in maintaining the common property, as well as any water and electricity required for the common property. Owners of sectional schemes usually only need to pay their rates and taxes, insurance for the contents of their premises and for their monthly electricity and water consumption. The specifics may differ slightly from complex to complex.
As the different units are within close proximity to one another, as compared to freehold properties, sectional titles have a greater sense of communal life. This allows for greater interaction which means that close-knit communities can be and usually are formed. It is also perceived to be more secure. Sectional title developments generally have good perimeter and entrance security, which is usually included in the monthly levies.
Buying into a sectional title scheme may be more affordable than buying into freehold property. The cost of living in a sectional title is often lower because the cost of maintaining the common property is shared by all the owners. Sectional title units are also very popular in the rental market and are usually leased out easily.
Benefits of locating one’s business in Epping Industria, Cape Town
- The most central industrial node in Cape Town
- Less traffic congestion than most other large industrial areas
- Close proximity to all forms of public transport
- 24-hour security in the whole of Epping Industria with 24-hour camera surveillance
- Good availability of power for businesses
- Wide roads offering good access to all forms of large trucks
- Epping is actively managed by the Epping CID – the largest Community Improvement District (CID) in SA
Rentable Area: 509.00 m²
Property ID: 278