Commercial Land and Infrastructure

R6,900,000.00

Hammarsdale, Highway Areas, Kwazulu Natal

Property Information

CODE : PP3084
Asking Price : R6,900,000.00
Ownership : Freehold
Land Size : 24280m²
Parking : Yes


Description

Situated in Georgedale (between Hammarsdale & Cato Ridge near the new Mpumalanga Mall).

A fairly level property of approximately 2.4 Ha, with various buildings, situated in Georgdale, opposite the railway station and in close proximity to the proposed Dry Port. Asking R6,9 Mil.

Extent 2.4281ha

It has the following existing buildings and structures with the approximate sizes as indicated:-Supermarket & Hardware (good height and suitable for factory/warehousing) 1482m2, Receiving Area – 75m2, Small warehouse 1 – 180m2, Small warehouse 2 – 90m2, large house of approximately 600m2 with 11 en suite bedrooms, another 4 bedroom house and another 2 bedroom house, various undercover parking areas and other ancillary buildings plus a large swimming pool plus large open areas for further development.

It is very close to a large Eskom distribution substation which should be of value if you need to increase the power supply for their operation. .

If you are able to make use of some of the existing buildings then it is an exceptionally good buy as the replacement value of the buildings alone far exceeds the asking price, but even if the buildings are ignored, the land equates to only R287/m2.

The Supermarket is willing to stay on a portion of the property as a Tenant if such an arrangement suits the Purchaser.

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Contact the Agent

Bradley Hancock » ++27 72 019 6192
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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