The property is located east of the Tongaat CBD and the R102. The property is within 5km of the King Shaka International Airport and the Dube Trade Port. There is an easy access to major transport routes and transport hubs.
It was originally built as a large warehouse for the textile industry which has since been converted to an industrial park.
The property comprises a dated designed, older style construction industrial park but which has recently had the addition of one new, modern warehouse with an adjoining large hardened yard and open sided basement level. However the vast majority of the property includes dated industrial buildings used as mini-factories let to various small industries in the area. There is currently one main controlled access point into the scheme with another side entrance to the north-eastern boundary.
The zoning for the property is mixed and is ideal for the development of shopping centers, medical centers, hotels or residential development. 80% of the land can be developed up to 5 storeys high.
The KZN region continues to enjoy a sustained high demand for a broad cross-section of homes in the sought-after region extending to the north of Durban. Furthermore, the recent announcement that Dube TradePort has gained IDZ status (Industrial Development Zone) augurs well for the region, as it carries a range of benefits for enterprises located within the zone and is also positive for the promotion of foreign and local direct investment into South Africa.
The property market on the KZN north coast is set to receive a major shot in the arm over the next few years courtesy of the Dube Trade Port and King Shaka International Airport at La Mercy, situated between Ballito and Umhlanga Rocks.
It is estimated that these projects will create in excess of 269 000 jobs over the next 25 years and the spin-offs are already being felt in surrounding areas with increased demand for goods, services and accommodation for workers driving property prices up.