AUCT-001955 | On Auction

± 3 Ha Industrial Park Adjacent To Cornubia, KZN

Until Our Next Auction

2023-06-22 11:00:00
± 3 Ha Industrial Park Adjacent To Cornubia, KZN

± 3 Ha Industrial Park Adjacent To Cornubia, KZN. Pinewood Road (Off Old North Coast Road), Ottawa, Durban

Site Extent: ± 3, 0124 Ha | Gross Annual Income: R1 Million | Ample Power Supply | Warehouses, Workshops, Staff Facilities, Offices plus over 1 Ha of Flat Development Land | Potential to obtain direct access off Main Road (Old North Coast Road)

Riet River, KwaZulu-Natal


The property lies parallel to the Old North Coast Road (Main Road) in the vicinity of Ottawa and adjacent to the new Cornubia Industrial Park. The property is strategically located between Durban’s wealthier Mount Edgecombe and Umhlanga areas and middle to lower income generating areas such as Waterloo, Ottawa, Verulam and Phoenix. It is situated approximately 15km south of the King Shaka International Airport.

Cornubia is a mixed use, mixed income, 1200-hectare development, with 80 hectares earmarked for industrial development and the rest for commercial, housing and other social and public facilities, including schools, creches, clinics, multi purposes halls, police stations and post offices. Cornubia will see over 24000 new mixed income homes being built over the next 10 years, 15000 for subsidized housing and the balance for a wide range of affordability levels. The development is expected to create 48000 new sustainable job opportunities over a period of 15 years, and a further 15000 during the construction phase.

With the subject property positioned at the doorstep of the Cornubia development, the property will be accessible to the proposed BRT (Bus Rapid Transit) system, with planned BRT routes linking Cornubia to areas including Umhlanga, Phoenix, the Dube Trade Port and the King Shaka International Airport nearby. Currently all modern amenities can be found in the townships of Umhlanga, Phoenix and Verulam.
Commercial Type:
Industrial Property
Web Reference:
AUCT-001955
List price:
POA
Address:
Pinewood Road (Off Old North Coast Road), Riet River, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
22 June 2023 11:00 am



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

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