Upside Properties is pleased to offer this industrial property for sale in Cato Ridge.
Site Area: 2.7945ha
Asking Price: R16 500 000
Power and Water available
The site is long (approx. 300m2) and relatively narrow, going from 115m on the road boundary to 68 m on the far boundary.
A lot of the ground is 'hard' as there is a concrete company currently occupying much of the property.
The steel structure is solid with fairly good height but has open sides and no offices, ablutions or electricity supply so they are basically charging just over R590/m2 for the land and the same for the building.
Cato Ridge is a town in the Ethekwini Metropolitan Municipality as a suburb of the Outer West region. It is situated some 30 km south-east of Pietermaritzburg and 50 km north-west of Durban in the Valley of a Thousand Hills. Named after George Christopher Cato (1814-1893), the first mayor of Durban.
The area is quickly becoming a popular manufacturing and logistics node, as it is ideally located on the primary western corridor, the centre of gravity of most of South Africa's regional and national distribution network. The future 850ha Dry Port logistics, industry and business development will be located in Cato Ridge, planned to alleviate congestion in the Durban Harbour. This will include container terminals which will be linked to the harbour via rail. The N3 freight corridor, supposedly the busiest in the country, runs past Hammarsdale connecting Durban and Gauteng. With Durban being home to the busiest port in Sub-Saharan Africa and Gauteng being South Africa's economic heartland, it brings huge potential to Cato Ridge as a logistics, manufacturing and business hub.
eThekwini has pegged Hammarsdale/Cato-Ridge as one of the three catalytic development Node's for KZN, along with the south and north coast. This classification has provided Hammarsdale with significant infrastructure investment from the eThekwini, SOE's and other government entities into roads, waste water, power, public transport etc, all of which have a direct benefit to Hammarsdale.
Property Information & Features
- Property Type
- Listing Type
- For Sale
- Cato Ridge, KwaZulu Natal
- R 16,500,000 · Get Pre-Qualified
- Price per m²
- R 590
- Floor Size
- 2400 m²
- Erf Size
- 27945 m²
- Industrial Zoning
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