The property market in Cape Town is a different kettle of fish. Buy today, sell tomorrow and you’re sure to make a few green bills from your purchasing decision. Buy property in the right areas of Cape Town – let it be Commercial, Industrial or Residential, and you could very well be sitting with easy profit property that allows you to move into a whole new circle, comfortably retiring with your glass of red wine overlooking Table Mountain.
It’s a whole new ball game and industry leaders in the property market aren’t just looking toward residential properties in the Cape anymore. The focus has shifted, and developers are looking at the escalation rate around industrial and commercial property sites around Cape Town.
In the Mother City it’s quite easy to differentiate between Commercial and Industrial; areas like Epping (industrial) and the Old Biscuit Mill (commercial) vary greatly. Even though once one in the same, the cities’ forward-thinking movement and dynamism has allowed for radical transformation that segregated the two variances and categorized them accordingly.
Epping Industrial
Epping is Cape Town’s industrial property core. Many who call the Mother City home would be surprised to hear that Epping didn’t always attract industrial plants like it has today.
First developed in the late 1940’s, industrial development in Epping was rather slow at first and track racing for cars seemed like it would colonize the area, as the Gunners Circle pulled a lot of attention in the 1950’s. As the area started growing towards a more industry related ground, the racing stopped, and trade and industry boomed throughout the area.
Today Epping is Cape Town’s industrial homeland, riddled with big business and industries, which mass-produce and penetrate market share with their massive output.
Industrial property at its core then is geared towards big businesses that need a large space to manufacture and then distribute products both locally and internationally.
The Old Biscuit Mill
Renowned for its innovative and creative use of space, the Old Biscuit Mill in Woodstock Cape Town has a unique past that is elusive to anyone in quest of the areas heritage.
The story goes that; the silo was once a hotspot to store flour or rather, more commonly grain. The complex has recently undergone a R10 million-rand overhaul to transform the space into the upbeat hub of commercial property… a path of creative expression that Woodstock is so renowned for today.
Featuring a selection of fine dining and bohemian outlets, coupled with a tantalizing market over weekends, the Old Biscuit Mill has transformed itself from an industrial space where the main objective was output, into a modern take on the current property trends in Cape Town. The current property trends allow for a dynamic space where night and day sail in order to bring about an ergonomic structure that allows for trade, industry, entertainment and most of all fun.
Tying It Up
Spaces like Epping and the Old Biscuit Mill May be vastly different in terms of the type of economic activity these two epicentres revolve around, but these spaces are one in the same.
Old areas are receiving face-lifts, and the City of Cape Town is working hard to bring about a unique market culture that allows the industrial area to interact with the commercial area.
Industrial property (or rather factories/warehouses) in Cape Town May always seem to rank higher in terms of big business opportunity, but the Old Biscuit Mill (commercial property – offices) is living proof of the kind of culture Capetonians embrace. It’s a raw feeling that allows us to interact with spaces and covert industrial plants into commercial Mecca’s, which are perfect for engagement and interaction.
For a property partner in Cape Town that you can trust to reinvent space and shape the future of your investment contact one of our representatives now on +27 (0) 65 602 8732 or visit us on Facebook @RomalaxCT now.
Written by: PRIO Communications and Digital Marketing.
