Best Development site in KZN
POA
Umdloti, North Coast, Kwazulu Natal
Property Information
| CODE : | PP7750 |
| Asking Price : | POA |
| Ownership : | Freehold |
| Land Size : | 6259m² |
Description
This property offers a substantial beachfront development site spanning 6 259m². Positioned right on the ocean's edge, this site presents a valuable investment opportunity with several key features.
Being one of the last available beachside development sites in Umdloti, it holds significance for developers looking to capitalize on the demand for coastal properties. The property is zoned as General Residential 2, providing flexibility for various development options.
With a bulk allowance of 4,068 m² and a height restriction of 6 storeys, the property offers developers the ability to create a structure that balances scale and functionality while adhering to coastal aesthetics.
These specifications align with the practical considerations of construction and zoning regulations.
Architectural development plans are drawn up for a 5 storey development consisting of 30x3 bedroom units with over 60 parking bays to be constructed.
These plans are not approved and are merely conceptual and in no way binding on the purchaser.
The property is being sold as a redevelopment opportunity however there currently exists two residential structures, each with a double garage and a cottage.
House 1: 230.00 m²
House 2: 220.00m²
Contact Yianni for a detailed brochure.
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Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.
