In2assets to auction Riverhorse valley industrial property

Posted On Thursday, 22 May 2014 10:51 Published by eProp Commercial Property News
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In2assets, the leading Commercial Property Auction Specialist, has been afforded the privilege to present another prime Riverhorse Valley property to the market and In2asset's own formidable database of Buyers.

Riverhorse Valley Business Estate

"This awesome property is located at 49 Island Circle and comprises nearly 1 700m² of warehousing or factory space" said Kleinhans and continued his praises by referring to the fact that the property is an approved ISO22000 food production facility with cold rooms, blast freezers and a frozen warehouse. "We cannot wait to showcase this gem at our 25 June 2014 Commercial Property Auction" 11h00 at the Durban Country Club said Kleinhans.

Riverhorse Valley is situated on the N2 between the Umgeni Road and the KwaMashu interchanges. The Estate spans both East and West sides of the N2 and the main landmarks identifying the Estate are the 2 petro-ports and eThekwini Hospital and Heart Centre at the Queen Nandi Drive interchange. "The area and landscape has changed dramatically since the early 1800's" said Carl Kleinhans Head of Commercial at In2assets Commercial Property Spesilaists in Durban.

Kleinhans made reference to Adulphe Delegorgue's description of Sea Cow Lake in 1839 from his writings 'Travels in Southern Africa', "Without benefit of roads, we reached the summit of this hill and then skidded down towards a pretty peninsula surrounded by a deep lake, where the large heads of hippopotamus could be seen here and there on the surface of the water". Riverhorse is another derivative of 'hippopotamus', from whence the Estate gets its name.

In the last 70 years the nature of the area had vastly changed. In the early 1970's the N2 freeway was built through a portion of the former lake. With the closure of the Mt Edgecombe Sugar Mill and the Effingham Brickworks in the early 1990's, potential existed to develop the area as a business estate, due primarily to its locality.

A joint venture partnership between eThekwini Municipality and TongaatHulett to develop and sell the sites was formed in June 2000, and construction commenced on the new link road, the bridge over the Umhlangane River, and the Queen Nandi Drive interchange, as well as the internal roads and site services in 2002. The development infrastructure for the Estate was largely completed by the end of 2008.

The Riverhorse Valley Business Estate is an area of 304 hectares comprising:

Developable industrial, commercial and mixed use activities - 150 hectares, Internal road reserves - 13 hectares; Umhlangane river and flood plain - 78 hectares, Huletts Bush - 37 hectares and Public Open Spaces - 26 hectares.

Last modified on Friday, 30 May 2014 20:29
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