± 2.6 Ha Potential Development Land Adjacent to N3 Freeway

AUCT-000670 | SOLD

1 Hammarsdale, Cliffdale, Hammarsdale, KwaZulu Natal


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± 2.6 Ha Potential Development Land Adjacent to N3 Freeway, Close to Keystone Park, Hammarsdale

Extent: ± 26 205 m² | Adjacent to N3 Freeway | Excellent exposure | Close to Keystone Park & MR Price Distribution Centre

This ± 26 205 m² site is positioned adjacent to the N3 Freeway and is accessed from the MR385 Main Road into Hammarsdale (approximately 1.3km from the MR385 Main Road). This property is subject to D’Moss, and approximately 1/3 of the site can be developed. Therefore this site would be an ideal parking for plant and machinery or can be used as open storage. The site is subject to excellent exposure from the both directions of the N3 Freeway. The site is in close proximity to the MR PRICE DISTRIBUTION CENTRE AND KEYSTONE PARK.

eThekwini Municipality plans to rezone land in excess of 600 hectares in Cato Ridge, Hammarsdale, Drummond and Camperdown for industrial development. Property Principles from various agencies within the immediate area to the subject property say that this area forms an important link in the N3 corridor between Durban and Gauteng, as well as between Durban and Pietermaritzburg. Hammarsdale has already been developed into an industrial hub. Proposals that the N3 Freeway is to be widened to four lanes each way from Cliffdale to Pietermaritzburg. The growth planned for the area augurs well for the region, as well as the property market.

Hammarsdale is characterized by industrial properties and surrounding small scale farming. The subject property is positioned just off the MR385 Main Road / Mthoko Mkhize into Hammarsdale, approximately 2km from the new MR PRICE Distribution Centre and Keystone Park. This 55000m² industrial warehouse facility is the largest and most sophisticated distribution centre in South Africa. The subject property is approximately 3km from the N3 National Freeway, and on the north side of the N3 Freeway, the proposed dry port will be developed. This development is in its final planning stages of establishment.

The general neighbourhood comprises medium to large industrial warehousing for manufacturing type uses. The property is well located to the blue collar and informal housing area Mpumalanga. Most amenities are available at the brand new shopping mall known as the Hammarsdale Junction which is positioned approximately 8km from the property.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Development
Web Reference:
AUCT-000670
Final price:
POA
Address:
1 Hammarsdale, Cliffdale, Hammarsdale, KwaZulu Natal
Property Extent:
2.729 ha
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
16 May 2018 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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