Frontline Block Almost On Umdloti Beach On Offer
In2assets will on September 15 at 11 am at the Durban Country Club in a live, as well as online, auction, offer a “brilliantly located” Umdloti beach shoreline residential property with major redevelopment potential.
The sectional title units in the two-storey property on offer, “Breakers” (about 197m2) and “Sunrise” (about 257m2) sit on a ± 1900m² site, have unobstructed sea views and direct access to the Umdloti tidal pool and main swimming beach. Section 1 and 2 of 38 North Beach Road make up one building which Luke Hearn, who is handling the auction, says offers unlimited redevelopment opportunities, particularly as it could be converted into a four-storey structure without further municipal consent, while the adjacent land also has strong potential. The property offers ± 1250m² of Bulk available to develop. “The frontline block to be sold currently comprises nine bedrooms, five-and-a-half bathrooms, two open plan living areas, and two kitchens. There is also a spacious games room, three garages, and two parking bays in total. Here is an opportunity to own the entire scheme – either to redevelop or to capitalise on the AirBnB and holiday letting markets,” Hearn states. Hearn adds: “KZN is currently experiencing a massive shift in homeowners moving north up the coast. This huge demand along the coastline means Umdloti has become a sought-after residential destination, and one of KZN’s most rapidly expanding nodes. Its central position allows residents quick access to the airport, Ballito in the north or Umhlanga and Durban to the south, with the N2 and M4 freeways easily accessed. The site’s major attraction is its amazing position, offering beachfront access and unobstructed sea-views – a truly rare development opportunity and chance to capitalise on the area’s growing residential demand.” For more details and to view the property, contact Luke Hearn at 071 351 8138 or email [email protected] To register and attend the live auction, email [email protected] as attendance is strictly by invitation to comply with Covid-19 regulations. Alternatively, bids can be submitted via the In2assets online bidding platform https://auctions.in2assets.co.za accessible from PC or by downloading the In2assets App from the Google Play Store or App Store. | Auctions Writer.