Industrial Development Land

AUCT-000918 | On Auction

Hammarsdale, Durban, KwaZulu Natal


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± 4.3 Ha Industrial Development Land, Mthoko Mkhize Drive, Hammarsdale

Extent: ± 4.3137 Ha | Zoned: General Industry 2 | 17 Sub-divisions in approval stages | Serviced site (Electricity, Water and Sewerage)

The property comprises of ± 4.3137 hectares of industrial land with easy super link access and positioned approximately 5km from the N3 Freeway.

A portion of the site approximately 1,100 m² is currently being tenanted by a retail shop and block yard paying a monthly rental of approximately R17000.00 as well as a portion of the site currently being negotiated with a tenant to operate a scrapyard at R20 000.00 per month. This site is currently positioned at the corner of the Main Road / Mthoko Mkhize Road and Buckman Boulevard. The site surrounds the BP Hammarsdale Service Station, and is slightly above road level. As per the Seller, the property is in the final stages for subdivision approval, for 18 sub divisions.

The property is set within the KwaZulu Natal town of Hammarsdale. The Hammarsdale township is characterised by industrial properties and surrounding small-scale farming. The property enjoys high exposure along the MR385 Main Road which is also known as Mthoko Mkhize Drive. This well-established industrial node is situated within the central business district of Hammarsdale. Hammarsdale is easily accessible from the N3 Freeway linking Durban and Pietermaritzburg and is presently marketed as a growth point between the two cities. The subject property is situated approximately 6 kilometres from the N3 Freeway, just south of the R103. Easy access to the N3 Freeway interchange is available.

The increased demand for industrial property within Pietermaritzburg and Durban has resulted in industrial type property interspersed among these outlying areas. The area has seen a fair level of demand and has experienced fair capital growth over the past few years. The general neighbourhood comprises predominantly similar, medium to large, industrial warehousing for manufacturing type uses. Hammarsdale is well located adjacent to the blue collar formal and informal housing areas of Mpumalanga, Georgedale and Cliffdale. Modern amenities are somewhat limited in the immediate area, although there is a brand new mall constructed approximately 1.5km west from the subject property. There is other small-scale retail businesses and a Post Office in the immediate vicinity.

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Commercial Type:
Development
Web Reference:
AUCT-000918
List price:
POA
Address:
Hammarsdale, Durban, KwaZulu Natal
Property Extent:
4.3137 ha
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
17 April 2019 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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Auction Date: 17 April 2019 11:00 am

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