1430000 m² Commercial space in Hammarsdale

R 100 000 000

Ryan Lategan

Harcourts-Upper Highway

1430000 m² Commercial space in Hammarsdale

R 100 000 000

Address: 5 mr385
Floor Area 1430000 m² Land Area 143 ha

*Sole Mandate*

Prime Commercial Land opportunity in Hammarsdale. The site is opposite the Mr. Price Distribution Centre. Vacant land for logistics development. The site is ripe for rezoning to a Light Industrial precinct.

This agriculturally-zoned land is perfectly positioned for rezoning to accommodate a large logistics park. It is situated directly opposite Keystone Park (housing the Ackermans, Mr. Price, and Malda Pak National distribution centres), and along the N3 corridor near the Hammarsdale offramp (currently being remodelled to a partial clover leaf to accommodate the growing commercial infrastructure and traffic). The site is also located on the provincial primary growth corridor as identified in the Provincial Spatial Economic Development Strategy 2006 and is ideally positioned to support eThekwini's plans to drive the Hammarsdale/Cato Ridge area as a logistics hub.

The entire site is approx 143 Hectares (1,43 million sqm). Of the 143 Ha, and according to the preliminary discussions at municipal level, rezoning provisions would allow for the approval of approx 40 Ha toward high impact development (light industrial), 30 Ha for low impact development (commercial), a small portion assigned to wetland, and the remainder made available towards low-income residential units (perhaps in the R300,000 - R600,000 unit price bracket). The land is largely arable land as it was a sugarcane farm for many years and so deep excavation and intensive earth works are unlikely to be required to create useable platforms.

The price advertised is for the land 'as is', and no offers subject to rezoning will be entertained at the current price. Prospective buyers should be informed that the seller has already received offers subject to rezoning, but the price once rezoned will escalate to over R300 million (as land at Keystone is currently selling at R1600 plus VAT per sqm).

The land is held in a Close Corporation, and the purchaser can either buy the member's interest in the cc, or can alternatively purchase the property from the cc.

There are NO registered land claims on the property - and there is a letter from the office of the regional land claims commissioner stating as such.

All interested parties will be screened. Please contact me to arrange a viewing.

The information herein is correct to the best of our knowledge as provided by various parties, however errors and omissions are exonerated.

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Ryan Lategan

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1430000 m² Commercial space in Hammarsdale

R 100 000 000

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