Cornubia: Industrial Hotspot North of Durban
Category General
Referred to as the ‘brand new city of KwaZulu-Natal’, Cornubia, just north of Durban and inland of Umhlanga Rocks, has been making waves in various sectors of industry.
Quickly expanding in magnitude, Cornubia, upon completion, will contain an environmentally-friendly town centre, 85 000 m² regional shopping centre and various hubs of retail, commerce and industry. Owing to the draw of these attractions and the anticipated increase in traffic, construction on major roadways has commenced – consisting of a bridge over the N2 motorway that will link up Cornubia and Umhlanga Ridge, and Flanders Drive being upgraded to an interchange.
Cornubia Industrial and Business Estate Fast Becoming a Premier Industrial Zone
Cornubia has clearly rapidly grown in appeal; boasting vast developments in residential, industrial and commercial property. The Cornubia Industrial and Business Estate, in particular, has seen incredible success. This innovative estate lends itself to a myriad of uses including; office spaces, showrooms, assembly lines, light industrial, warehousing, logistics and distribution.
Due to the increasing attractiveness of this location which provides access to all major roadways - commercial and industrial sites have quickly been snapped up by developers, manufacturers and various businesses that have all recognised the invaluable features that this estate offers. As a result, the Cornubia Industrial and Business Estate continues to increase in size, as more and more industrial and commercial parks and sites are built and developed to keep up with the growing demand.
New Cornubia Micropark Offers Investors an Unique Opportunity
An exciting new industrial development in this area is the Cornubia Micropark, which will be the first industrial park that will comprise micro industrial warehouses and units in Cornubia. This park is in close proximity to all the major key points of trade in the Durban area and its first phase of development offered buyers 36 units, ranging in size and price.
Index Property Solutions has several industrial units available in this brand new development’s second phase - providing investors with the unique opportunity to own highly sought-after property that will show unparalleled returns. These micro industrial units will be sold at premium prices - starting at R999 000 for 97m², with larger sites also offered. Being sold as sectional title properties each will comprise their own; ablutions, entrance, distribution board and staircase – and will be ready for occupation later this year.
Cornubia Micropark will be built in two phases; although demand has causes the units to sell out in phase one, phase two will be integrated into phase one and form one development - said to be completed in October/November 2017. Other, similar, industrial park in the area has thrived and has fetched high rental prices – which makes these micro units a brilliant investment opportunity as well.
In addition to Cornubia’s Micropark, there are a number of other mixed-use business parks with prime property up for grabs, these include; the DBJ Business Park which is scheduled for completion in 2018, Boulevard Business Park and Sugarstone Business Park.
Index Property Solutions has acquired the most well-located and suitable industrial and commercial property types, ranging from mini factories to warehouses, in various commercial parks in Cornubia. These spaces offer excellent security, convenience and amenities – perfect for the most discerning investors who wish to see high rental returns, or end users who are looking for the perfect business space. To get your hands on one of these highly sought-after properties contact one of our dedicated agents today.
Author: Index Property Solutions
