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Plots with ‘enormous potential’ on offer

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Stands available across Newcastle, KZN's commercial powerhouse

On September 19 at noon interested developers, both small and large, will be able to choose from a selection of more than 30 vacant stands to be auctioned by GoIndustry DoveBid Property at Newcastle’s Blackrock Casino.
The real estate on offer is situated across the city of Newcastle, regarded as the industrial and commercial powerhouse of KZN. The plots are being auctioned on instructions from South Africa’s largest steel producer, ArcelorMittal SA (Amsa). The stands are situated across a variety of suburbs, including Amajuba Park, Ncandu Park, Schuinshoogte, Sunset View, Newcastle Industria, Sunnyridge and Signal Hill, and in total cover more than 100 hectares.

Kim Faclier, director of GoIndustry DoveBid Property, says the properties are competitively priced at below-average market values with enormous potential.

“The land is ideal for first-time buyers wishing to build their own homes, as well as large developers with plans to extensively develop the area.

“Newcastle is on the scenic Battlefields Route, and the land on offer is close to Blackrock Casino – Newcastle’s top entertainment venue – as well as the Newcastle Mall shopping complex, and stunning game farms and dams.”

Newcastle has an exceptionally strong economy, and is known for its steel manufacturing industry, dominated by Amsa, says Donovan Dalton, GoDove’s Head of Valuations.

“Newcastle is benefiting from major growth steps that Amsa has embarked on this year. More than 50 permanent new jobs have been created, with more on the way because of Amsa’s road-to-rail project. This has further improved Newcastle’s carbon footprint and reduced traffic congestion as the bulk of domestic steel is being distributed via rail routes.”

Donovan says Newcastle’s economic growth will benefit from the success of Amsa’s two-year lobbying effort to control dumping of overseas steel on our shores.

“When global steel demands decreased, cheaper imports flooded the South African market. However, this year the national Treasury decreed locally-made steel products are to be used in South African public sector construction projects. This ruling is set to rejuvenate the steel industry, together with Newcastle and surrounds.”

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