N3 Development Opportunity, 3 Lion Park Road, Lynnfield Park
Extent: ± 27.31 Ha | Close proximity to the N3 | Development opportunity | Approved environmental authorization for retail centre, hotel & ecotourism facility
The subject property is located 3 Lion Park Road, Lynnfield Park, KZN which lies just north of Camperdown and roughly 3kms south of Ashburton. The subject property enjoys a prime location along the R103 roughly 250m from the N3. Ashburton is a town in Msunduzi Local Municipality in the KwaZulu-Natal province of South Africa. It is situated next to the N3 about 12 km east of Pietermaritzburg.
The site size is ± 27.3 Ha made up of 19Ha of conservation / tourism areas with wild game occurring naturally, this game includes Impala, Nyala, Kudu & bushbuck; and 8Ha of development area, this area faces the R103 and is proximate to the N3 highway. The property has massive development opportunities and environmental authorisation has been granted for an 80 bed hotel and eco-tourism resort as well as a retail and commercial development. The proposed development comprises a single storey shopping centre which totals 3600m2. The proposed eco-tourism resort comprises the following: A 80 Bed Hotel; 30 Self catering units, a restaurant and kitchen; a swimming pool; a caravan park for 17 caravan sites; ablution facilities; and associated infrastructure. The prominent location of the site and its proximity to both the N3 and neighboring communities lends itself well to this type of development.
The property currently comprises some improvements, these include: A Homestead of approximately 325 square meters. The home is made up of four bedrooms (main en-suite with a dressing room), two bathrooms, kitchen dining room, lounge, tv lounge, study, 3 garages. The property also comprises a cottage which is made up with 2 bedrooms, bathroom, lounge, dining room, kitchen, and scullery. Additionally, the property also comprises a one bedroom bachelor pad which has its own bathroom.
The current annual income from the lease in place is R144K which expires in December 2019. The property poses a great opportunity for a development.
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