Prime Corner Property

Prime Corner Property

AUCT-001159 | SOLD

424 Effingham Road, Riverhorse Valley, Durban, KwaZulu Natal


Please click here to download the Property Information Pack.

Prime Corner Property. 424 Effingham Road, Riverhorse Valley

Extent: ± 4 516 m² | Adjacent to Riverhorse Valley Business Park | Occupies a corner site, overlooking a busy intersection

PRIMARY USE

The subject site is generally rectangular in shape and occupies a corner site. It slopes down towards Prince Mhlangane Road and overlook the busy intersection. The property offers frontage of approximately 128 metres onto Prince Mhlangane Road and approximately 79 metres to Effingham Road.

The site is above road level and is strategically situated at the entrance to Island Circle, which is a developed node of mainly offices and showrooms, and therefore enjoys excellent exposure.

As per the valuers, the site has a permissible bulk of 9 020 m² and is subject to a sewer and drain servitude as per the SG Diagrams.

LOCALITY

The subject property is situated within the Riverhorse Valley Business Park, an industrial and commercial node set on either side of the N2 National Freeway. The Business Estate spans 302 hectares and contains development nodes for retail, office development, high-tech industrial, light / service industry and
warehousing, as well as the eThekwini Hospital. The Umhlangane River meanders through the estate and is buffered by a conservation area. There are two arterial routes that link the eastern and western precincts of the estate via bridges passing over the Umhlangane River. At the core of the estate is the Riverhorse Petroport. This park is primarily geared for ‘blue chip’ industrial related companies.

Riverhorse Valley forms part of the northern corridor, which includes surrounding industrial nodes such as Sea Cow Lake, Briardene and Springfield Park. This corridor is connected by the N2 Freeway and stretches north from the Umgeni River.

Riverhorse Valley is Durban’s flagship industrial node and is subject to high demand and has good occupancy levels. The area is attracting good interest from investors and developers alike. It is conveniently located close to all amenities, including the Gateway Theatre of Shopping, La Lucia Ridge Office Park and several major arterial routes.

The subject property is set on the eastern side of the N2 and to the northern periphery of the estate. The property enjoys an elevated corner site which overlooks the developed Island Circle precinct. The property offers good exposure to passing traffic on the N2 and easy access. It occupies a corner site along the main access road known as Prince Mhlangane Road, an extension of Corobrik Road. Corobrik Road connects to
Nandi Drive to the south, which runs perpendicular to the N2 and bisects the node. Nandi Drive provides access onto the N2 Freeway and into Briardene Industrial Park which adjoins North Coast Road. Mhlangane Road in turn leads into North Coast road near the N2 on and off ramps.

We have been informed that bulk services are available.

Commercial Type:
Development
Web Reference:
AUCT-001159
List price:
Price undisclosed
Address:
424 Effingham Road, Riverhorse Valley, Durban, KwaZulu Natal
Property Extent:
±4516 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road

Auction Date:
18 February 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash.
SAVE
PRINT
DIRECTIONS

Property has been Sold


Want your property GONE TOO?