Industrial Development Opportunity

SALE-000438 | For Sale

1 Tottum Road, Cornubia, Durban, KwaZulu Natal


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Industrial Development Opportunity, 1 Tottum Road, Cornubia

Extent: ± 25 422 m² | Vacant land | Located in Cornubia Industrial and Business Estate (CIBE) | Prime location at entrance of Park

LOCALITY

The property is located on the corner of Tottum Road and GJ Champion Drive within Cornubia Industrial & Business Estate which has been planned as an environment-friendly and eco-sensitively designed, light industrial development. It is situated in the north-west corner of Cornubia and east of Ottawa. It will be accessible from all major subregional and provincial roads, such as the N2, M41, and the R102. These existing main roads and the proposed P577 (linking areas in the north of Durban to Pinetown in the west), and BRT routes will make the area highly accessible to and from the King Shaka International Airport.
Cornubia is located inland of Umhlanga and close to Mount Edgecombe, Phoenix, Ottawa and Waterloo. It will initially provide for a 50 hectare industrial and business estate, more than 1 million square metres of commercial floor area and some 24 000 mixed affordability homes, of which about 15 000 will provide for subsidised housing opportunities.
The industrial and business estate is set to be the next major industrial hub, with easy access to Dube Trade
Port and the King Shaka International Airport's passenger and cargo terminals.

PRIMARY USE

The property comprises a 25 422m2 (extent) serviced vacant industrial stand, which is located in Cornubia Industrial & Business Estate (CIBE). The stand is level and one of the prime located in the development with easy access. The surrounding stands are currently being developed to cater for warehousing, mini factories and office buildings. The neighbouring stand is currently being developed by the Hirt & Carter, Uniprint and Triumph Printing. Opposite the road is the Boulevard Business Park which is fully tenanted. The CIBE precinct is located on the north-western side of Cornubia. It is bounded in the east by existing overhead power lines and Ottawa Substation in the north, west by the Ohlanga River and in the south by eThekwini Municipality's Phase 18 Housing Project. This zone is intended to provide, preserve and use land or buildings to enable the creation of a contemporary Industrial Business Estate which can accommodate a wide range of uses including warehousing, assembly, service and light industrial, distribution, logistics, showrooms, offices and retail set within a landscape environment.

Cornubia, planned in line with sustainable development principles, is designed to provide for KwaZulu-Natal's
largest mixed-use, mixed income and fully-integrated human settlement. It provides for higher densities, a range of income levels and the stimulation of employment and economic opportunities, creating the basis for new housing, schools, clinics and other social infrastructure. Cornubia has emerged as a highly sought after residential and business location, with rapid uptake of commercial and industrial sites by developers, endusers and investors who recognise the development's attributes.

Commercial Type:
Development
Web Reference:
SALE-000438
List price:
POA
Address:
1 Tottum Road, Cornubia, Durban, KwaZulu Natal
Property Extent:
25422 m2
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