by In2assets  |   February 9, 2021

Strategically Located Redevelopment Property

A re-development site at 10 Lagoon Drive, Umhlanga Rocks, will be coming under the In2assets hammer on February 18. The live auction, in compliance with Covid-19 regulations, combined with online bidding, will be at 11 am at the Mount Edgecombe Country Club.

The property has two newly renovated standalone restaurant buildings. The commercial buildings, one of which is a double-story and the other a part double storey, are open plan with kitchens, storerooms, and ablution areas. “This exceptionally well-located property, measuring 3 992m² in extent, presents an opportunity to unlock a bespoke development in the heart of the trendy and plush Umhlanga Rocks,” says Luke Hearn who is handling the sale.

“Its location, and the easy accessibility off Lagoon Drive, gives it rare re-development potential. It could accommodate a drive-through opportunity, as well as seated restaurants. The site would also suit a boutique hotel or residential high-rise apartment block with a mix of retail and commercial offerings. “The area has seen large-scale residential, retail, and hospitality developments in the recent past which have been very successful. Umhlanga is KZN’s most desired location which is reinforced by the large corporate office environment, the success of various hotel groups, the booming retail industry, and the various amenities on offer.

The site is close to Umhlanga beach; The Pearls of Umhlanga; Oyster Box; the Umhlanga Conference and Country Club and The Breakers Resort Hotel, as well as many entertainment options. The N2 and the M4 allow for easy access to the Durban CBD, which is 16km away. The King Shaka International Airport is approximately 20km to the north.
Umhlanga Rocks has all amenities such as doctors, dentists, banks, supermarkets, pharmacies, offices and restaurants. La Lucia Mall and the Gateway Theatre of Shopping are within a short driving distance. Umhlanga Ridge Office Park and La Lucia Ridge Office Park are conveniently close.

For more information contact Luke Hearn at 071 351 8138 or 031 574 7600 or [email protected] as attendance is strictly by invite. To register and attend the live auction, email [email protected] Alternatively, bids can be submitted via the In2assets online bidding platform accessible from PC or by downloading the In2assets App from the Google Play Store or App Store. | Auctions Writer