Brackenfell property market on the up and up
Category Industrial Property News
Land a highly regarded commodity is becoming a scarce commodity in the Brackenfell area, situated within the Northern Suburbs around Cape Town. This is creating a property boom as according to property marketing site eprop.co.za. Its widely stated that the region is seeing a massive interest largely due to the lack of availability of land within the highly regarded Northern suburban expanse.
“The recent development of some of the last remaining land in Cape Town’s Northern suburb of Burgundy Brackenfell has caused a massive boom in the rental market, with prices skyrocketing over the past year. As a result, many investors in the area now find themselves in the uncommon position of being able to cover their bond and other costs within a year of purchase”. - www.eprop.co.za
The article refers mainly to residential property. However this has shown to be fruitful for other areas of the market such as the commercial and industrial nodes as well with an increase in a part of the northern suburbs not traditionally known for industry and commerce. These sentiments are shared by leading property brokerage in the area API Property Group. The highly sought-after company has earmarked certain industrial nodes within the greater Northern Suburbs and believes that industrial property is on the rise not just in Brackenfell but in the entire Northern suburbs. There are only 5 available industrial sites available for rental in the greater Brackenfell area as listed by API Property Group this is a clear indication of how little land is left in the area and why the location is highly regarded.
In another article published by property24.com it states that Brackenfell could very well be one of the most quickly developing areas within the whole of greater Cape Town. “No other precinct in the Greater Cape Town area has undergone such a complete and impressive transformation as Brackenfell”. -property24
The article went onto to say that this is largely due to various advancements in the property market and one of the largest is the highly regarded development of the Brackengate Business Park. “Most of the development has been for very large warehousing and distribution centres, and among those who have moved in here have been Food Lovers’ Market, JCB (the construction plant manufacturers), British American Tobacco, DSV Freight, Cape Air-Conditioning and The Hunting Group”. - property24.com.
The article also went onto say how that the Brackengate Industrial Park and Brackenfell in general is also becoming highly favourable because of it capability to accommodate abnormally sized vehicles which carry various types of industrial material. This is accredited to infrastructure upgrades to various highways and main roads nearby. However these are not the only developments in the area and there is also significant commercial advancements in nearby shopping facilities. This in turn makes Brackenfell highly favourable for residential, commercial and industrial reasons. There is also a second of phase of industrial land opening up for further development in Brackengate which is making various investors favour the area over more centrally located spaces in the Western Cape. Space for industrial development is limited in places such as Epping, Paarden Eiland and Montagu Gardens.
It would seem it's the right time to the Northern suburbs of Cape Town and Brackenfell could very be the most highly regarded area. There really are so many reasons to invest in this emerging yet well established location. The Brackengate Industrial node is one such reason. Get in contact with a highly skilled and dedicated broker from API property group today. They really have all the experience and dedication to make enable you to make the right choice in renting or buying the best possible industrial location within any budget.
Author: API Property Group