53ha mixed-use development land in KZN on Auction

Posted On Wednesday, 22 May 2013 23:16 Published by Commercial Property Auctions
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In2assets announces the release of 53 ha of extraordinary development land, earmarked for a Business Park, fronting the N3 Freeway on the outskirts of Pietermaritzburg

Mpushini Business Park"Situated in Ashburton on the off ramp to the greater Mkondeni industrial node and south of Pietermaritzburg, this property enjoys almost direct access to the N3 Freeway between Durban and Pietermaritzburg and offers enormous opportunities for the local property industry," commented Carl Kleinhans of In2assets KZN.

"The increased demand for industrial and mixed use property between Pietermaritzburg and Durban has seen a growing level of demand and has experienced good capital growth over the past few years," says Kleinhans.

With the growth that is being experienced by Pietermaritzburg at present, the subject property offers a great development opportunity to meet the ever-increasing demand for secure industrial and commercial parks, as well as secure residential eco-estates. This is also a great opportunity for an investor who has identified the potential for freight and container logistics interchange between the Durban Harbour and Johannesburg

"We are extremely excited that we have the opportunity to take this versatile property to the market," says Kleinhans.

The proposed development well known as the new Mpushini Business Park will be a mix of Commercial, Industrial and a small pocket of residential homes, all falling under the greater spatial planning concept of Pietermaritzburg

"This is a rare opportunity to develop such a massive track of land right on the freeway and will create interest from developers around the country"

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Last modified on Sunday, 09 June 2013 20:33

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