NEW
Web Ref CL10266
R52,227,000
1 Palotti
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Prime Development Land for Sale – Airport Industria, Cape Town
This well-located development site presents an exceptional opportunity within a fully serviced and secure industrial precinct in sought-after Airport Industria.
Site Overview
Usable land area: 29,015 m²
Maximum developable bulk: Up to 15,000 m²
Electrical capacity: 325 kVA
Fully serviced and zoned site
Secured with 2.1 m ClearVu perimeter fencing
Commercial Terms
Estimated purchase price: R1,800/m² of land area
(Total: R52,227,000 excluding VAT, based on transfer on or before 30 June 2026)
Transaction structure: Sale of leasehold land with 96 years remaining
Park levies: R0.15/m² of land per month, escalating at approximately 7% per annum
King David Levy
A monthly levy is payable to King David on completed and tenanted buildings for the duration of the lease. The levy is calculated at 6% of 80% of net gross annual income (effectively 4.8% of gross rental income) and escalates in line with the relevant tenant lease.
No levy is payable until the building is completed and occupied.
Planning & Development
Development guidelines imposed by the City of Cape Town are in place to protect the adjacent residential area to the west. These guidelines form part of the planning framework and can be discussed and negotiated with the City during the Site Development Plan (SDP) submission process.
This is a compelling opportunity for developers seeking scale, security, and long-term leasehold tenure in a prime industrial node close to Cape Town International Airport and major transport routes.
Site Overview
Usable land area: 29,015 m²
Maximum developable bulk: Up to 15,000 m²
Electrical capacity: 325 kVA
Fully serviced and zoned site
Secured with 2.1 m ClearVu perimeter fencing
Commercial Terms
Estimated purchase price: R1,800/m² of land area
(Total: R52,227,000 excluding VAT, based on transfer on or before 30 June 2026)
Transaction structure: Sale of leasehold land with 96 years remaining
Park levies: R0.15/m² of land per month, escalating at approximately 7% per annum
King David Levy
A monthly levy is payable to King David on completed and tenanted buildings for the duration of the lease. The levy is calculated at 6% of 80% of net gross annual income (effectively 4.8% of gross rental income) and escalates in line with the relevant tenant lease.
No levy is payable until the building is completed and occupied.
Planning & Development
Development guidelines imposed by the City of Cape Town are in place to protect the adjacent residential area to the west. These guidelines form part of the planning framework and can be discussed and negotiated with the City during the Site Development Plan (SDP) submission process.
This is a compelling opportunity for developers seeking scale, security, and long-term leasehold tenure in a prime industrial node close to Cape Town International Airport and major transport routes.
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