Property description
A rare development opportunity to acquire prime development real estate in central Umhlanga Rocks. Probably the last central development opportunity available with sea and breaker views and situated in an upmarket neighborhood.
Plans have been completed for 18 units with roof top gardens and
undercover parking. The plans currently include 6 x 3-bedroom units and 12 x 2-bedroom units with double car garages and a community pool.
There are also completed plans for 24 units.
• Prime Location – overlooking the Indian Ocean
• Expansive land area 2,596 m2
• Presently the site is being used as a profitable retail centre.
• Zoned GR:4 with an application for GR:1.
• Plans for both 18 (GR:4) and 24 (GR:1) apartments.
• A substancial potential profit margin.
Location rating
Nearby Transport
Nearby Education
Nearby Other
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Repayment Costs
Monthly Total
Mortgage
Purchase price
Deposit 10%
RPayment term
20 yearsInterest rate
11.5%Your payment
R / mo.
