Extent: ± 13,9026 Ha | Close to proposed Cato Ridge Dry Dock & Logistics Hub | ± 3km from N3 Freeway
This well positioned property is easily accessed from the N3 National Road via Uitkomst Road. The property is located in close proximity to the Cato Ridge Logistics and Proposed Dry Port which has resulted in several sales of vacant serviced stands and enquiries for large factory premises. The municipality has released a plan for the area, The upgraded and widened N3 Freeway infrastructure has allowed direct access to the R103 Main Road and to Eddie Hagan Drive which in turn provides easy access to the property. The importance of the N3 Durban – Johannesburg freight corridor cannot be overstated. It is South Africa’s major freight route.
The area is extremely active with corporate industries such as Value Logistics, Cato Ridge Electrical Construction (Pty) Ltd, Nordic Industrial Park, as well as a number of other large industries in the area. Due to the industrial activity in the area and the easy access from both the N3 National Road, this site has a great potential for agricultural or industrial uses (with special consent and approvals). The property is not subject to any land claims. The property is situated 35 minutes from Durban and 20 minutes from Pietermaritzburg, within the Cato Ridge Township. Cato Ridge is being punted as the “Midrand” between the two cities and is surrounded by townships such as Camperdown and Harrison. These townships are essentially farming communities.
Although farming is still the mainstay of the region, other industries have moved into the area. The general neighbourhood comprises agricultural lands, with intermittent commercial development supporting local farm laborers and the agricultural industry. It is essentially a rural location, with pockets of industrial developments. The Cato Ridge Country Club is located approximately 2 km from the property. Access to the subject property is from Shady Lane which is accessed via Uitkomst Street. Uitkomst Street links to the N3 National Freeway approximately 3 kilometers north west of the property. All modern amenities are positioned in Pietermaritzburg, or alternatively Hillcrest, both of which are 20 minutes drive away. The Dunbar Shopping Centre, which comprises a Spar, is positioned adjacent to the N3 Freeway, while the Cato Ridge Railway Station is set adjacent to the N3 Freeway.
Virend Deonarain
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vdeonarain@in2assets.com