Re-Development Potential on Main Road of Verulam

Re-Development Potential on Main Road of Verulam

AUCT-001369 | On Auction

58 Aloe Drive, Verulam, KwaZulu Natal


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Re-Development Potential on Main Road of Verulam. 58 Aloe Drive, Verulam

Site Extent: ± 1.5614 Ha | Vacant Occupation | Re-Development opportunity for National Retailer or Blue-Chip Companies | Currently comprises mix use – Showroom, office and warehouses etc | Option to Purchase with neighbouring property – Terra Nera Industrial Park

This industrial property is positioned on the M27 Main Road/Jabu Ngcobo Drive, at the corner of the entrance road into the Waterloo Township and the M27 in Verulam. The property in extent of 1.5614 Hectares overlooks the Cornubia Industrial and Southridge Industrial areas. This property comprises showroom, office and two warehouses that are all owner occupied.

Fairly new developments with national and international blue-chip companies such as BP, Sasol and SPAR are positioned on the M27 within a 1 ½ km radius from the property. The property is surrounded by townships such as Waterloo, Riyaadh, Valdin Heights and Temple Valley with the population falling in the middle to lower income earning brackets. Waterloo alone has a population of over 30 000 people. This population has only the SPAR as their own national food chain retailer and as such this property provides the opportunity for one to re- develop to house another national food chain retailer example, Shop Rite Checkers, Boxer, Cambridge etc.

Being zoned Light Industry which permits Fuel and Service Stations, this adds to the value of the site. It has been in recent discussions that a new hospital is proposed to be developed within a 1km distance from the property.

This property provides one the opportunity to re-develop this property into a strip mall that can house tenants such as PEP, Checkers and Ackerman’s to name a few that will service a surrounding 150 000 homes. The property also offers the opportunity to upgrade the existing improvements on site for a logistic company.

Commercial Type:
Industrial Property
Web Reference:
AUCT-001369
List price:
POA
Address:
58 Aloe Drive, Verulam, KwaZulu Natal
Auction Venue:
Isaiah Ntshangase Road
Durban
Durban
KwaZulu Natal
Auction Date:
18 November 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.
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Auction Date: 18 November 2020 11:00 am

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