AUCT-001371 | On Auction

CORNUBIA INDUSTRIAL & BUSINESS ESTATE

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    2020-12-09 11:00:00
    CORNUBIA INDUSTRIAL & BUSINESS ESTATE

    Development Land in Cornubia Industrial & Business Estate. 31 Papilio Close, Cornubia

    Site extent: ± 5 400 m² | Frontage to Crassula Road and Crispa Road | Prime location close to King Shaka International Airport | Architectural designs drawn up for a warehouse of ± 2 800 m²

    Cornubia, KwaZulu Natal


    Cornubia, planned in line with sustainable development principles, is designed to provide for KwaZulu-Natal's
    largest mixed-use, mixed income and fully-integrated human settlement. It provides for higher densities, a range of income levels and the stimulation of employment and economic opportunities, creating the basis for new housing, schools, clinics and other social infrastructure.

    Cornubia has emerged as a highly sought after residential and business location, with rapid uptake of commercial and industrial sites by developers, endusers and investors who recognise the development's attributes.

    Cornubia is located inland of Umhlanga and close to Mount Edgecombe, Phoenix, Ottawa and Waterloo. It will initially provide for a 50 hectare industrial and business estate, more than 1 million square metres of commercial floor area and some 24 000 mixed affordability homes, of which about 15 000 will provide for subsidised housing opportunities.

    The industrial and business estate is set to be the next major industrial hub, with easy access to Dube Trade Port and the King Shaka International Airport's passenger and cargo terminals.The property obtains access from Papilio Close, however mots of the site fronts onto Crassula Road and Crispa Road. It will be accessible from all major sub-regional and provincial roads, such as the N2, M41, and the R102.

    These existing main roads and the proposed P577 (linking areas in the north of Durban to Pinetown in the west), and BRT routes will make the area highly accessible to and from the King Shaka International Airport. The property is surrounded by companies such as DOT Graphics, Cargo Compass SA, BID Food, Shade Lux, the Samuels Group and the entrance of the property is opposite the Silverstone Business Park.
    Commercial Type:
    Vacant Land
    Web Reference:
    AUCT-001371
    List price:
    POA
    Address:
    31 Papilio Close, Cornubia, Durban, KwaZulu Natal
    Auction Venue:
    The Durban Country Club
    Isaiah Ntshangase Road
    Durban
    KwaZulu Natal
    Auction Date:
    09 December 2020 11:00 am



    Auctioneer:
    Auction Terms and Conditions:
    R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.

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