Hammarsdale and Cato Ridge - Steadily Moving Forward
Category Upper Highway General
Hammarsdale and Cato Ridge - Steadily Moving Forward
Hammarsdale and Cato Ridge are continuing to attract investment despite further delays in the planned Dry Port/ Intermodal Hub.
Interest and investment along the N3 corridor is continuing with a few more national and international companies purchasing properties in the area and further developments planned for 2022.
A number of large corporates have already established Distribution Centre's in the area in recognition of the advantages to the logistics chain from being close to the Intermodal Hub, with easy access to the N3 and in close proximity to the rest of Durban and the port.
Trucking companies have also established staging and refueling facilities in Hammarsdale and Cato Ridge for similar reasons.
Manufacturing companies have seen the advantages of being in Hammarsdale with reasonably priced properties, electricity supply direct from Eskom and a Municipal sewer system amongst the attractions.
Smaller companies and entrepreneurs are seeing the benefits of the area and most of the smaller sites and rental units in the area have been sold or leased.
The attraction of the area will certainly be boosted with the establishment of the Dry Port/ Intermodal Hub. It is unfortunate that there have been further delays in finalizing such, but any rational masterplan for the Port clearly needs to incorporate the area of Cato Ridge for the Intermodal Hub / Dry Port and truck staging, and plans for such are still moving forward, in order to assist with decongestion around the port.
The area continues to offer the great value, level, zoned industrial land. With prices from as low as R350/m2 to the more exclusive options around R1650/m2, it is hard to beat. Rental options are also still available at prices that are more affordable than most other areas around Durban and options from vacant land to a state of the art distribution centre are available.
The option of purchasing un-zoned property with easy access to the N3 and the potential for rezoning, is also attracting attention. Whilst there is an element of risk, it does offer a very good potential for those who have a bit of time and some risk appetite.
Author: Robert McInerney
