Old Mill Industrial Park
POA
Mount Edgecombe, Durban Metropolis, Kwazulu Natal
Property Information
| CODE : | PP381 |
| Asking Price : | POA |
| Rental Price : | POA |
| Ownership : | Freehold |
| Parking : | Yes |
Description
This site is one of the few remaining industrial sites available in the Mount Edgecombe area. Old Mill Industrial Park is strategically located 2km from the N2 and 500m from the R102 which is currently being upgraded. The R102 will become an important corridor between Pinetown, New Germany, Mt Edgecombe and the new King Shaka airport which is approximated 8km from the site. Old Mill Industrial Park has great accessibility to areas in all directions with Durban’s CBD just 20km and Gateway 4km away.
Residential developments on the north coast such as Zimbali, Mt Edgecombe Golf Estate, Umhlanga, La Lucia Ridge, Simbithi, Ballito, Blythdale and Palm Lakes have created a significant demand for industrial property in the area which has seen Riverhorse industrial property prices rise from approximately R350/m2 four years ago to current prices of around R1850/m2 . Old Mill Industrial Park is one of the few industrial sites within 30km north of Durban that has an established electricity supply which makes this fast developing commercial and industrial node extremely valuable.
Another advantage of this site is the close proximity to skilled and semi-skilled labour in the neighbouring areas of Tongaat, Stanger, Verulam and Kwa Mashu.
We can offer various options from 300 sqm to 2750 sqm with creative lease to own options available with no capital outlay. To BUY from R5,975 per sqm or to RENT from R50 per sqm - please contact us for the full range of warehousing opportunities.
65% of the development has so far been Sold or Leased.
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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.
