The property occupies a levelled site set on Peter Road, within the Springfield Park and Umgeni Business Park node. The property currently comprises of an office / admin block of approximately 100m². Focus should be placed on the property as vacant industrial land. The property has excellent exposure to the N2 Freeway.
Peter Road is accessed from Inanda Road. The property is located approximately ±10 kilometres north of Durban’s Central Business District.
The area surrounding the property is one of high demand and has good occupancy levels. The surrounding area comprises predominantly large factories/warehouses, industrial land and industrial Sectional Title complexes. It forms part of the Durban Northern Corridor, which includes surrounding industrial nodes such as Riverhorse Valley, Springfield Business Park and Briardene. This corridor is connected by the N2 Freeway stretching north from the Umgeni River, as well as by the newly extended Nandi Drive running from Briardene to Riverhorse Valley. The establishment of Riverhorse Valley (Durban’s flagship industrial node), the Nandi Drive as well as the Umgeni Business Park extension has been the primary catalytic developments in creating the Northern Corridor.
The nearby Umgeni interchange has been upgraded and Inanda Road currently being upgraded, which will improve access to the N2 Highway & Umgeni Road.
A large labour pool exists in the neighbouring middle to lower income residential nodes.