This tender invites proposals for the long-term leasing and redevelopment of a 875m² commercial property at 370 Riverdene Road. The lease term is set for 30 years, focusing on limited commercial purposes to enhance local economic activity.
The Ethekwini Metropolitan Municipality is seeking proposals for the long-term leasing and redevelopment of the Proposed Remainder of 713 Newlands, located at 370 Riverdene Road. This property, measuring 875m² as per SJ Plan No. 4838/11, is designated for limited commercial purposes and offers a unique opportunity for businesses to establish a sustainable presence in the area. The successful bidder will be expected to develop the site in alignment with municipal regulations and community needs, fostering economic growth and revitalization in the region.
Proposals should outline a comprehensive redevelopment plan that includes architectural designs, projected timelines, and financial models. The lease will span a duration of 30 years, providing stability and long-term investment potential. Interested parties must demonstrate relevant experience in property development and management, as well as a commitment to community engagement and sustainable practices. This tender represents a significant opportunity for businesses looking to contribute to the local economy while securing a valuable asset for the future.
This tender is suitable for property developers, real estate firms, and businesses with expertise in commercial leasing and redevelopment projects. Companies focused on sustainable development and community engagement will find this opportunity particularly relevant.
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