Richmond Park will be developed as a mixed-use commercial precinct
±300,000 m² of gross lettable area, on a 99-year leasehold basis.
Origin Park will be developed as a Light Industrial & Distribution Park within the greater Richmond Park.
Location – The proposed site is located on Tygerberg Valley Road, in the Central Precinct. The site is in close proximity to the N7 off-ramp. Security – The Park will enjoy its own security and 24-hour access control. The perimeter of the Park will be fenced by 2.4m Clearvu (or similar) fence.
Lease / Sale – The units will be available on either a sale (leasehold title) or a lease basis. A minimum lease period of 5 years will be applicable.
Areas – The rentable areas and parking provision of Origin Park is as follows:
Unit Numbers: 1, 4, 11, 14
Ground Floor: 259m²
Office Area (assumed on mezz): 30m²
Mezzaine (exl office area): 92m²
Total: 381m²
Open Parking: 4
Unit Numbers: 2, 3, 12, 13
Ground Floor: 238m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 87m²
Total: 355m²
Open Parking: 4
Unit Numbers: 5-10, 15-20
Ground Floor: 394m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 168m²
Total: 592m²
Open Parking: 6
Unit Numbers: 21
Ground Floor: 420m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 168m²
Total: 618m²
Open Parking: 6
Unit Numbers: 22
Ground Floor: 298m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 111m²
Total: 439m²
Open Parking: 4
Unit Numbers: 23
Ground Floor: 398m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 161m²
Total: 589m²
Open Parking: 6
Unit Numbers: 24
Ground Floor: 663m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 283m²
Total: 976m²
Open Parking: 10
Unit Numbers: 25
Ground Floor: 642m²
Office Area (assumed on mezz): 30m²
Mezzanine (exl office area): 273m²
Total: 945m²
Open Parking: 9
RENTAL The monthly gross rentals as at 1 June 2019 is R67.00/m2 of GLA and will escalate at 8% per annum, which includes operating cost. The above rentals exclude VAT, rates, taxes, Origin Park levy and consumption charges, for which the Tenant will be liable.
SALE (LEASEHOLD TITLE) The units will be available at a sales price of R8 750.00/m2 (1 June 2019 Occupation), excluding VAT.