In2Assets presents an investment opportunity when they auction a development site at the entrance to King Shaka International Airport.
Shortlands Riding School, at 250 Main Road, Mercy, will go under the hammer on August 23 at 11am.
The live and online auction will be held at Mount Edgecombe Country Club.
Portion 378 of the Farm Cotton Lands No. 1575, measuring ± 2 604 m², located across the road, is notarially tied to the main property and will form part of the sale to give a combined extent of ± 4.7 hectares.
The property is currently used as an equestrian centre with a small residence and secure storage/tack rooms, stabling for up to 70 horses, associated equestrian facilities including paddocks, horse walker and grazing fields.
Two boreholes and JoJo tanks on the property are included in the sale.
At present, ±19 000m² of area is developed with ±26 000m² currently undeveloped.
Currently zoned for Agriculture, this fully-serviced property is suited to be re-zoned to Light Industry with the potential to develop in the world-class airport precinct. Currently, the immediate area and surrounding properties have seen immense developer interest which has resulted in the commencement of multi-million-rand industrial developments. The subject property faces the R102 and offers a highly visible corner site which may offer ideal fuel station potential. Further the property boasts roughly 700 meters of road frontage to the R102.
The property is secure, fenced and gated with electric fences in place within the property.
It enjoys a good, visible location directly opposite the main entrance from the R102 to King Shaka International Airport and Dube Trade Port logistics hub.
This is an industrial and commercial precinct known as the Durban Aerotropolis, an urban environment developing around the airport.
The precinct enjoys close proximity to the sea ports of Durban and Richards Bay and connectivity to a wide-reaching rail and road network.
The property is approximately 35km from Durban CBD.
Bids can be submitted remotely via the In2assets online bidding platform.
Viewing is by appointment. For more information about the property, contact Luke Hearn on 071 351 8138 or 031 574 7600 or email [email protected]