± 8 Ha Development Land (In Liquidation)

AUCT-000698 | On Auction

1 Main Road, Mtwalume, KwaZulu Natal


± 8 Ha Development Land, Off Mtwalume (West) Main Road, KZN South Coast

Lungomare (Pty) Ltd (In Liquidation) Masters Ref. No: N142/2012

Extent: ± 8.0437 Ha | Zoned: Resort 2 | Ideal site for development of holiday chalets & residential dwellings

This ± 8.0437 Hectare development land is positioned adjacent to the N2 Freeway approximately 40 minutes south of Durban. The site has permitted uses such as Caravan Park, Holiday Dwelling and Chalets, Private Recreation Area, Private Conservation Area, Recreational Building, Restaurant, Shop and Single Family Dwelling, just to name a few.
Mtwalume is located some 85 kilometres south of Durban and approximately 35 kilometres north of Port Shepstone. The property is set adjacent to the N2 Freeway upon a raised ridge of Mtwalume.

The immediate area is a mixture of single residential homes and residential sectional title developments. Limited desired amenities are offered by Mtwalume or the neighbouring suburbs. The nearby coastal region of Hibberdene and Pennington are popular holiday destination and provide for most amenities. Mtwalume is one of the small towns that make up a string of quieter seaside holiday towns on the KwaZulu-Natal South Coast. Towns in close proximity are Elysium, Ifafa, Bazley and Pennington to the north and Hibberdene, Umzumbe, Phumula and Banana Beach to the south. Many developments have taken place over the last 3-6 years on the greater south coast of Kwazulu – Natal.

Commercial Type:
Development
Web Reference:
AUCT-000698
List price:
POA
Address:
1 Main Road, Mtwalume, KwaZulu Natal
Property Extent:
8.0437 ha
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 July 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: 25 July 2018 11:00 am

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