R7,500,000

R7,500,000

16,188m² Vacant Land For Sale in Cato Ridge
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16188sqm Yard for sale in Cato Ridge

Web Ref. CL2326
Land size 16188.00 m²
Floor size 16188.00 m²
Monthly Bond Repayment
R68,605.44
8094sqm Yard for sale in Cato Ridge. Block Yard Business can be sold with the property.

Site Area - 16188sqm
Asking Price - R7.5m + VAT = R463/sqm
Currently collecting R100 000 pm rental income
Block Yard Business can be sold together with the property
Zoning - Land Use Management Area
Super Link Access
Power and Water on Site
Close to the Cato Ridge N3 Interchange


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.[2]
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.

The surrounding area is home to some national and international companies; Value Logistics; Bakers Transport; Mr Price Distribution Centre; PepCore Distribution Centre; Merlog Foods; Boxer Stores; Safal Steel (Pty) Ltd; One Logix; Grindrod, Ackermans, Unitrans and Kerry Group to mention a few.

Features

Zoning
Industrial
Sizes
Land Size 16,188 m²
Floor Size 16,188 m²
Listing Info
Date Listed 19-06-24
Time Listed 09:54

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