± 20 000 m² Retail development site | 4 000 unit integrated housing development earmarked in proximity | Road rehabilitation and widening imminent
This retail development opportunity lies along the fringes of the Pietermaritzburg neighbourhood of Hollingwood near Hayfields. The property is zoned Limited Business which allows it various uses such as retail and residential. This newly developed neighbourhood is earmarked for larger expansions as the Department of Human Settlements have approved a 4000 unit housing development nearby. The bridge and road along Grimthorpe Avenue have also received approval for improvements and widening. The current owner plans to develop a Lifestyle Retail Centre with a mix of retail attributes such a Food Retail, Restaurants, Clothing outlets, medical and fitness facilities. This is a perfect opportunity for a retail developer to establish themselves in an area earmarked for strong growth in the medium term.
Pietermaritzburg (Zulu: umGungundlovu) is the capital and second-largest city in the province of KwaZulu-Natal, South Africa. It was founded in 1838 and is currently governed by the Msunduzi Local Municipality. Its Zulu name umGungundlovu is the name used for the district municipality. Pietermaritzburg is popularly called Maritzburg in English and Zulu alike, and often informally abbreviated to PMB. It is a regionally important industrial hub, producing aluminium, timber and dairy products. It is home to many schools and tertiary education institutions, including a campus of the University of KwaZulu-Natal.
Carl Kleinhans
Show number
ckleinhans@in2assets.com
