AUCT-001760 | On Auction

Industrial Re-Development Opportunity in Kuleka CBD, Empangeni

67 Tanner Road, Kuleka, (South) Uthungulu DC, KwaZulu-Natal

Industrial Re-Development Opportunity. 67 Tanner Road, Kuleka, Empangeni

Site Extent: ± 2.0373 Hectares | Positioned opposite BOXER and Taxi rank |Zoned: General Industrial | Mass Market exposure | Potential for shopping centre, warehousing, logistics yard or any other retail (Municipal Approval Required)


This ± 20 373 m² commercial re-development property is positioned within the Kuleka CBD that is growing at a rapid speed. It has potential for big organizations and businesses such as provincial or national supermarket retailers, hardware companies, logistics companies or even as any distribution centre which can benefit from the mass markets that currently supporting the BOXER outlet, vendor stalls at the taxi rank and the strip mall all of which are positioned opposite the property. Any development will be exposed to mass markets due to the property’s location across BOXER and a taxi rank.
The property is flat, with most of the driveways tarred. It currently comprises of 8 buildings dispersed on the site, an incomplete building and approximately ± 7 000 m² of further development land. Each of the improvements on site consists either of retail shops or workshops.

It should be noted that the property is sold as an industrial re-development opportunity. The property is accessed via a panhandle driveway off Tanner Road within a commercial & industrial node known as Kuleka in Empangeni. Empangeni is a town that lies approximately 150 km north of Durban and ± 16 km from Richards Bay which is a major harbour town and is home to one of the country’s largest harbours. Richards Bay also has the deepest natural harbour in the southern hemisphere. The Richards Bay coal terminal is the largest coal export facility in the world with a planned capacity of 91 million tons per year. The property is positioned adjacent to a railway line which runs all the way to the Richards Bay Port.
The area is easily accessible via the N2 National Road when taking the Richards Bay / Empangeni exit, which leads to the John Ross Highway. The John Ross Highway is the main Highway that links Richards Bay and Empangeni. The property is positioned approximately 100m from a BOXER retail store and opposite a taxi rank. Also located opposite the property is a strip mall as well as various other retailers such as Ultra Liquors and Chicken Licken. Kuleka can be described as a commercial / industrial hub, with other businesses such as Toyota, Buco, Distell Distributers, Coastal Farmers and several engineering companies. Most modern-day amenities and facilities surround the properties location.
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Commercial Type:
Retail Space
Web Reference:
AUCT-001760
List price:
POA
Address:
67 Tanner Road, Kuleka, (South) Uthungulu DC, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
20 October 2022 11:00 am



Auctioneer:
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 20 October 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
vdeonarain@in2assets.com


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