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AUCTION CATO RIDGE-KWAZULU NATAL

NN33 && RR110033 AACCCCEESSSS

HHEEAARRTT OOFF CCAATTOO RRIIDDGGEE FFUUTTUURREE

DDEEVVEELLOOPPMMEENNTT

Wednesday 24 August 2016 @ 11:00 am

Durban Country Club, 101 Isaiah Ntshangase Road,

Durban

Jared Van Heerden| 082 076 2949

Viewing by Appointment only

Disclaimer Whilst all reasonable care has been taken to provide accurate information, neither IAN WYLES AUCTIONEERS Ltd nor the Seller/s guarantee the correctness of the information, provided herein and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature, suffered by any person as a result of errors or omissions in the information provided, whether due to negligence or other wise of IAN WYLES AUCTIONEERS or the Sellers or any other person

Property Summary

Pictures

Additional Information

Locality Maps

Auction Information

Deposit 10% of bid price payable by The Purchaser on the fall of the hammer

Commission 5% plus VAT thereon of the bid price payable by the Purchaser on

the fall of the hammer

Confirmation period Tuesday 6th September 2016

Terms and Conditions

If you are the successful bidder, the following is applicable:

30 Day Guarantee Period from confirmation of sale by the Seller

Possession & occupation of property on registration of transfer

Electrical (including electric fencing), woodborer and gas compliance

for the Purchaser’s account, if applicable

CONTENTS CATO RIDGE-KWAZULU NATAL


General Property Address : Off R103 & Mr245 Main Roads, Opposite Inchanga Caravan Park,

Kwa-Zulu Natal

Title Deed Information Title Deed No. : T49257 Title Deed Description : Remainder of Portion 2 of the Farm Rietdrift (No.15507) Extent : 18.4328Ha

Municipal information The local authority in which the property is situated is the Ethekwini Local Municipality. According to the permitted

zoning scheme the parent property is zoned as follows:

Town Planning Information

EXISTING PROPOSED Zoning: Agriculture 2 Light Industrial 1

FAR/Bulk 1.00

Coverage 50%

Height 2 stories

Note: The subject property is presently zoned Agricultural with a minimum sub size of 1.5ha and according

to the draft scoping report (EIA 6684), a rezoning application has been made for a proposed industrial

development, accommodating approximately 10 sectional title light industrial sites, to be known as Cato

Ridge Industrial Park

PROPERTY INFORMATION CATO RIDGE -KWAZULU NATAL


Locality The subject property is a large, unimproved erven mainly under grassveld, accommodating a derelict warehouse factory

building on the North Western corner of the site.

The site borders part of the Cato Ridge/Inchanga townships, located approximately 50km West inland of Durban central

Business District, falling between the Drummond and Camperdown sectors, ± 5km East of a small Cato Ridge village

centre, 4.5km North West of the Hammarsdale glide off, situated just North of the N3 freeway.

The site is situated on the tract of land contained between the N3/MR245 and R103 Main Roads, within the N3 freeway

corridor, bordering the Southern boundary of the Cato Ridge Electrical, an electrical component manufacturer.

The ervens entire Western boundary fronts onto the MR245, Main road, therefore is afforded good exposure to passing

traffic flow.

The surrounding environs comprise, large tracts of vacant land originally utilised for agricultural purposes, however

presently is appealing more towards an industrial type usage.

Since the proposed release of potential industrial land from Anglo American, there has been interest expressed towards

this sector for present and future development.

The Cato Ridge sector houses value logistics, Nordic Industrial Park, EHL Distribution Centr, Assmang, Cato Ridge

Abattoir, the Safal Steel development, The Wareings and Dunbar retail centres, Cato Ridge hotel and club, The CatoZulu

Industrial Park, Thor Chemicals, Inchanga Taxi Rank as well as the Fredville and Rietvallei low cost residential sectors.



Improvements The subject property is a large unimproved erven, comprising of a derelict warehouse factory building situated on the

North Western corner of the site.

The highest and best use for the subject property would be an Industrial type usage, due to its close proximity to roads,

potential industrial sectors and the Fredville/Rietvallei low cost townships, providing labour opportunities.

Leases The subject property is vacant. We are unaware nor have we had sight of any leases.



IMAGES CATO RIDGE -KWAZULU NATAL


SG DIAGRAM CATO RIDGE -KWAZULU NATAL


AERIAL PHOTO CATO RIDGE -KWAZULU NATAL

auction cato ridge-kwazulu natal brochure - cato ridge.pdfabattoir, the safal steel development, the...

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