Site extent: ± 6 365 m² | Zoned: Limited Commercial | Permitted Uses: Service Station, Shopping Centre etc | Ideal site for provincial or national retailer
This vacant piece of land zoned Limited Commercial and in extent of 6 365 m² paves the way for the development of a retail shopping centre / strip mall with an anchor tenant such as Shoprite, Check Mart, Check Star, Save Rite, Usave or Take n Pay to name a few. In 2016 the OK Franchise Division showed interest to secure the premises as a supermarket anchor. Currently within the immediate vicinity there are only small low order good suppliers that serves a population in excess of 40 000 people. The only major shopping centres in the area are the Mega City Shopping Centre in Umlazi (approximately 15 minutes away) and the Galleria Mall (approximately 25 minutes away). The site is perfect for a provincial retailer which will be supported by the immediate communities of Isipingo. Further permitted uses applicable for this Limited Commercial Site are Fuel and Service Station, hotel, offices and public worship, just to name a few.
This site will also be ideal for the developments such as a block of flats, dwelling houses and even places of worship. There are various community centres and sport centres in the immediate vicinity, the Mangosuthu University of Technology a short distance away and a school a stone’s throw away. The industrial area of Prospecton is located nearby with bulk of employees living in the Isipingo suburbs. Approximately 2500 m² of the site is almost flat and the remainder of the site slopes towards the eastern boundary. The site is positioned in an area where municipal infrastructure such as water, roads, sanitation and electricity are well established. This site is currently un-serviced.
The properties are not subject to any land claims. The properties are subject to an electric substation servitude at the south western boundary corner. As per the Title Deed, Erf 3567 & Erf 3568 Isipingo Extension No. 24 shall not be alienated, transferred, leased, mortgaged or otherwise dealt with the one separate from the other.
This vacant site is located in the established residential community of the suburb of Lotus Park. Lotus Park forms part of the Isipingo Township. Isipingo remains a vibrant town conveniently located near the M4 and N2 Freeways with swift access to the Durban CBD. The area has a key railway, bus and taxi terminus linking the local neighbourhood and the Isipingo CBD as well as to the Durban CBD. Isipingo also incorporates other residential suburbs of Isipingo Rail, Orient Hills, Malakazi Township, Isipingo Beach and industrial suburbs of Prospecton. The site is bound by Cocos Avenue and Bauhenia Crescent and obtains quick and easy access to Lotus Drive, the main road through Lotus Park. The site is positioned approximately 20km south of Durban.
Prospecton is the major industrial neighbourhood that separates the two main residential areas of Isipingo being, Isipingo Hills and Lotus Park. Prospecton is positioned a ±5 minutes-drive away from the property. Toyota Manufacturing, South African Breweries, the Republican Press, Sapref refinery, Shell Chemicals and Sasol Fibres are just some of the large-scale companies located in Prospecton. All amenities are within a close proximity, including hospitals, police stations, schools and other public essential services.
Virend Deonarain
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vdeonarain@in2assets.com