R20,000,000
Hammarsdale Best Location 6 Ha
This property is situated in arguably the best location in Hammarsdale, being on the Main Rd (MR 385), less than 3km from the new N3 Interchange, directly opposite Glodina and in close proximity to Keystone Park with Mr Price, Ackermans, PEP, etc.
The corner site, on the main road, also offers great visibility and the property has a nice outlook.
It is roughly 13 Ha but only about half is usable - The balance is Dmoss/ environmental reserve. It does however, provide an attractive buffer between the development and the neighbouring residential properties and permits a higher bulk on the developable area.
It isn't as yet optimally zoned, but the municipality confirmed that they will support a mixed use, business park or general industrial zoning as most of the neighbours are already zoned as such. The Municipal website shows the proposed zoning as Mixed use but the two small neigbouring properties are already zoned business park.
Although not yet rezoned, a lot of the work has already been done (environmental, traffic, etc) and the rezoning is supported by the Municipality.
Attached is a proposed platform layout and GIS view of the property showing the developable area as well as a Google view showing the location in relation to the N3..
A client could construct a large platform/s at the top and have smaller platforms going down Anderson Rd for Truck staging and sorting or further development.
The small excluded area has already been rezoned as Business Park. It is 3191m2 and could probably also be purchased, at a price of R3,8 mil if required.
The property would also suit a mixed use residential and commercial development.
It offers exceptional value at the price of R20 mil plus vat as it is less than 20% of the value if zoned and we believe that there is zero chance that it won't be approved.
There are 3 existing houses on the property that could be leased out to reduce holding costs or used as site offices and accommodation during the initial development stages.
The existing basic water and electricity connections should also suffice during the construction phase.
Hammarsdale, Hammarsdale
Industrial and Logistics Properties in Hammarsdale: About the Area
Hammarsdale is situated within the eThekwini Municipality, approximately 40 km from the Durban Port and 35 km from Pietermaritzburg.
It has two components namely: the revitalised older portion and the new developments just up from the N3 interchange.
The older section was the home of many of the large textile companies in the past and has...
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