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Located on 130 Sir Lowry Road in Woodstock, Cape Town, this mixed-use development package presents an exciting opportunity on the eastern aspect of the Central Business District. The site, known as Sir Lowry Square, measures 5,852sqm in extent. The site can be put to a number of uses, such as retail, hospitality, accommodation (or a mix thereof) given its location, the inner cities rapid growth and successful growth in the Woodstock area.
Sir Lowry Square presents a unique opportunity for investors and developers. Available for sale as a mixed-use development package with 23,408sqm of bulk due to its Mixed Use 2 zoning. The City of Cape Town zoning allows for Floor Factor
of 4, Coverage of 100% and Maximum Height of 25m. Developers can tailor the project to meet market demands, optimising land use and maximising bulk. The current building on the site will need to be demolished to make way for a lucrative mixed-use development. The building is not deemed a heritage site however, a public participation process of up to 12 months is anticipated due to surrounding heritage sites.
Situated in a prime location, Sir Lowry Square is bordered by Sir Lowry Road to the north, Basket Lane to the east, Francis Street to the south, and Russel Street to the west. This corner site offers excellent connectivity, with Sir Lowry Road serving as a secondary arterial road linking the CBD to Woodstock. Surrounding the development are notable landmarks such as The District, a commercial and retail development to the south, and Buchanan Square, featuring the five-storey The Hills building adjacent to the site. The property falls within the City of Cape Town UDZ zone, in essence creating a tax shield for the development.
The matchmaking of owners to buyers and tenants.
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