DURBAN LIVE STUDIO AUCTION - ± 59 Ha N3 Mixed Use Development Site

DURBAN LIVE STUDIO AUCTION - ± 59 Ha N3 Mixed Use Development Site

AUCT-001234 | On Auction

Mpushini Business Park, Erf 391 Lynnfield Park, Lynfield Park, Pietermaritzburg, KwaZulu Natal


Please click here to download the Property Information Pack.

± 59 Ha N3 Development Site on N3 Highway. Mpushini Business Park, Lynnfield Park

± 59 Ha Development park known as Mpushini Business Park | Mixed use development opportunity | Bulk services have been secured | Prime N3 visibility | Environmental authorization for a mixed use development

LOCALITY

The property lies within the Durban/Pietermaritzburg Corridor which is considered the second busiest highway in the country (second to the N1 in Gauteng). Areas of focus at the moment along this route by the various municipalities are the Mpumalanga/Hammarsdale area, Cato Ridge area, the Camperdown and Umlaas Road areas. Numerous developments are proposed in these areas, many of which are supported by the relevant councils. The municipality is planning to situate an in-land dry port within this area. Demand has grown rapidly in this area. It is noted that Afroprop, one of KZN’s leading developers have proposed developments within all the Cato Ridge, Umlaas Road and the subject area of the Lynnfield/Lion Park area.

The property has high visibility from the N3 National Freeway across the site. It is located 70km from Durban and 15km from Pietermaritzburg. The property is bounded to the north by the N3 Freeway with the residential area of Lynnfield Park to the south on the opposite side of the R103. The Residential area of Ashburton lies to the west.

Other developments include Mkhonto Office Park, Lynnfield Park Light Industrial Development, Lion Park Warehousing and residential developments namely The Aloes and Kingthorpe Estate. The developments are all accessed from the Lynnfield/Lion Park off ramp from the N3 Freeway and are in relatively close vicinity to the subject property. The size and extent of the demand for warehousing and factories from the large national chain stores, supermarkets, furniture, steel and manufacturers from India and China is also growing rapidly.

PRIMARY USE

The site itself offers ± 59 Ha of prime N3 facing development land. The site allows for a large mixed-use development servicing the logistics, trucking and freight industries. The site enjoys a current zoning of Light Industry, which is ideal for the location and proximity to the N3. The area is well suited for a logistical, trucking and freight service hub. In addition to the current zoning the site is a prime development area with an EIA and environmental authorization for a mixed-use development. The proposed development plan would allow for roughly 27 Ha of developable land.

Durban industrial land has now become prohibitively expensive costing up to R 2000/m². There are almost no large sites available for development in the traditional areas accessible to the harbour. There are plans for extensive expansion of the harbour which will place additional pressure on industrial land requirements.

To participate in this Durban Live Studio Auction, please download our App from the App Store (iPhone) or Play Store (Android) to bid.

https://auctions.in2assets.co.za/

Commercial Type:
Development
Web Reference:
AUCT-001234
List price:
POA
Address:
Mpushini Business Park, Erf 391 Lynnfield Park, Lynfield Park, Pietermaritzburg, KwaZulu Natal
Auction Venue:
In2assets Offices
Unit 505 Strauss Daly Place
Durban
KwaZulu Natal
Auction Date:
03 June 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R50 000 Refundable registration deposit by way of EFT | FICA Documents are required
SAVE
PRINT
DIRECTIONS
Auction Date: 03 June 2020 11:00 am

Participate in our next upcoming combined auction and enjoy maximum exposure in the market place.