R6,343,000

Vacant Land Commercial in Heriotdale

Heriotdale Commercial1 Stand

THIS STAND: 6,343sqm

GROSS AREA (ha): 22.5683

NET AREA (ha): 18.4773

NET SALEABLE AREA (ha): 18.4773

ZONING: Commercial 1

COVERAGE: As per Scheme 60%

HEIGHT: As per Scheme - Height zone zero(0) - Three(3) storeys

FAR: As per Scheme 0,65

PARKING: As per Scheme - 2 parking bays/100m² gross leasable commercial floor area. Parking for all other uses shall be to the satisfaction of the Council,

BUILDING LINES: As per Scheme. 9m along M2 Motorway. 3m along all other street boundaries.

CONDITIONS OF ESTABLISHMENT: Available.

A new development for freight logistics in City Deep

The proposed M2 Park includes the land previously encumbered by the Mennels dump that has now been cleared.

M2 Park is located south of the M2 motorway and its southern boundary adjoins the Transnet City Deep Marshaling Yard. The existing Denver interchange on the M2 motorway forms the western boundary and the existing Piet Street bridge (Kruger Street) over the M2 Motorway defines the eastern boundary and provides connection to Mimetes Road which completes the distributor-collector ring road for M2 Park connectivity to the northern legs of the Denver Interchange.

The M2 Park Development Area measures 83 hectares in extent. The first phase will release developable land measuring 35,7 hectares of which 15,7 hectares will be occupied by the proposed new Grindrod Freight Logistics facility. Of the remaining 20 hectares of land, 4 hectares is under enquiry for a Freight distribution company. The remaining land is planned for stand sizes ranging from 1 500m² through to 7 000m². The development of M2 Park includes sufficient land and design flexibility in the planning phase to accommodate significantly larger stands or purpose designed townships for clients specific land requirements.

Development Rationale

The development of Inland Terminals or Ports is taking place in many cities around the world. The primary driver for such development is the ability to handle increased volumes at a lower cost per unit offering economies of scale in inland distribution.

The container terminal in City Deep is one of the larger Inland Terminals in the world with around 50% of the cargo that arrives through South African Ports reaching Johannesburg.

South Africa’s cargo volumes have increased around 5 times over the past 30 years and it is expected to increase by around the same again in the next 30 years from around 4 million Twenty-Foot Equivalent Units (“TEU’s”) a year in 2010 to 20 Million TEU’s per year in 2040.

The increase in container movements and the associated logistics would indicate that the container handling capacity in Gauteng will have to increase threefold by 2020.

The Stands are unproclaimed.

Price range from R750 to R1200 per m2 exclusive of VAT. The price is dependent on location, land being purchased, access to motorways terms of payment, the impact of servitude’s, exposure to clients, proximity to Market etc.

Property Type
Vacant Land Commercial
Stand Size
6,343m²
Get to know Johannesburg
Johannesburg is known by various names just as diverse as the residents - Jozi, Jo’burg, Joeys, eGoli. From its humble beginning as a mining town, Johannesburg has evolved into a buzzing urban hub of activity. From high rises dotting the skyline to leafy suburbs with sprawling properties, the city reflects the history of its growth and major events in Southern African history.
Contact Agent
or
Save
share this property
property listed on 05 Apr 2019