Residential Development Site for 117 Homes in Ballito

Residential Development Site for 117 Homes in Ballito

AUCT-000656 | On Auction

Ballito, KwaZulu Natal


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Prestigious North Coast Development Site, Opposite Umhlali Golf Course Erf 4055 & Erf 4056 of Ballitoville, Ballito

Combined extent: ± 51 351 m² | Potentially 117 + Additional 34 units

This well positioned development site on the outskirts of Ballito, is nestled between newly built gated estates and near an upmarket commercial precinct. Even under the previous pressure of the South African economy, Ballito has experienced a big swing within the commercials and residential building sector. Ballito is one of the few towns in South Africa that currently has a growing population and a booming economy.

For decades Ballito has been well known as the prime holiday destination for Beach seekers in KZN. Ballito initially saw significant success in the tourism industry as holiday goers flocked to its beautiful beaches in the Holiday seasons. Continued investment in the area has seen a spill over of investments into additional property developments including residential, industrial and commercial offices. Ballito provides a great opportunity for those that ask for a better work-play balance, with some of South Africa’s best beaches set amongst some of its great restaurants & bars.

This property provides a unique opportunity directly to the developer. As the once laidback Ballito continues to transform Herself into a thriving and playful location, In2assets is proud to market this 51 351m2 residential development site. The opportunity allows 30 dwelling units per hectare and includes 2.5-hectare strip of indigenous forest making it a stunning property for walks, bird watching and trail runs. This property provides a great opportunity for a developer who may be interested in residential development in the area or even an old age facility which would provide a great service to the area.

The Sunday Tribune printed in 1954 an advert for Ballito Bay inviting potential investors to the North Coast with prices of land from R790.00 (395 SA Pounds). By 1964 the zonings for Ballitoville's residential buildings, hotels and a caravan park had already been incorporated into the town plan known as Compensation Beach and this area stretched out from Willard Beach to Clark Bay, Salmon Bay and Port Zimbali. A brochure with the first marketing pictures of Ballito, was put out to attract the holiday makers to invest in the area with the slogan: "Buy, Build & Play at Ballito Bay, The Caribbean of the North Coast - Natal". Ballito, Salt Rock and Shaka's Rock are favourite holiday destinations for local South Africans and also foreign tourists on their way to Zululand and the historical battlefields. The “Ballito” of today offers Hotels, Shopping centres a big Private Hospital and many commercial and industrial enterprises that makes living and earning a pleasure.

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Commercial Type:
Development
Web Reference:
AUCT-000656
List price:
POA
Address:
Ballito, KwaZulu Natal
Property Extent:
51351 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
16 May 2018 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.
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Auction Date: 16 May 2018 11:00 am

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