Bidding to start from R7 500 000!! Live Modern Auction
Bidding to start from R7.5 mill !!! Calling all DEVELOPERS! Brand new to the market this ideally located, substantial redevelopment opportunity across 2 Erfs totaling 5000 sqm has become available on Umhlanga Rocks Drive. Presently there are 2 large dwellings consisting of multiple income generating apartments / flats and single rooms. The ability to redevelop to 12 freestanding units under the present zoning or re zone to Intermediate Residential is certainly an option to look at on this site.
With redevelopment being one option or utilizing the existing structures that are in need of TLC to continue to generate monthly income gives this property unlimited opportunities to the savvy investor.
Section 1 contains the following units: 5 x large BnB rooms 1 x 1 Bed flat 1 x 2 Bed Flat 1 x 3 Bed Flat Section 1 Outbuildings x 2 contain the following units: 1x Batchelor Flat 1x 1 Bed Flat 1 x 2 Bed flat Section 2 contains the following Units: 6 x 2 Bed Flats 1x 3 bed Flat Section 2 Outbuilding contains the following: 1 x 2 bedroom flat 3 x large rooms with a shared bathroom
The Sellers have chosen to make use of Harcourts Auctions Regular preview viewing days arranged Pre-Auction offers accepted to submit to Sellers prior to Auction day. No Buyer Premium. Seller to pay the commission Auction Registration documents can be downloaded from Harcourts Synergy Website. Easy process to register and bid at the Auction The Seller has a Non Disclosed Reserve Price The opening bid on the auction will be R7,500,000
It's cosmopolitan, its sophisticated it's trendy, it's Umhlanga - the leisure capital of Ethekweni.
From the Umgeni River to luxurious La Lucia is Durban North, a grand timeless suburb with beautifully lush greenbelts, parks, and tree-lined streets.
Mount Edgecombe is home to some of the most secure, upmarket residential estates.
These 3 areas are closely located, enabling residents to enjoy every...
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