Frontline Commercial Development Site Umhlanga Sibaya Precinct

AUCT-000977 | On Auction

Umdloti, KwaZulu Natal


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Mixed Use High Profile Development Site, Portion 31 of Erf 3, Sibaya, Umdloti

Extent: ± 6 042 m² | Bulk: ± 9 063 m² | Proposed plans available

This prominent positioned property forms part of the latest Umhlanga development within the Sibaya precinct. Located on KwaZulu-Natal’s North Coast, Sibaya Coastal Precinct consists of around 1 000 hectares of spectacular coastal landscape, between the Ohlanga and uMdloti estuaries and can be seen as an extension to the well sought-after Umhlanga. This ground-breaking coastal precinct will contain offices, shops, restaurants, educational institutions, recreational and residential opportunities and more. Conceptualised as a living, vibrant community, Sibaya Coastal Precinct is a place where people can reconnect and rediscover.Set on the doorstep of well-known KwaZulu-Natal’s Sibaya Casino, the Estate offers architecturally modern freestanding homes, luxurious villas and penthouses and sought-after recreational amenities set within a serene natural environment.

Sibaya Coastal Precinct offers investors and developers a unique opportunity: a chance to be part of a holistically planned precinct in one of the most sought-after regions in the country. Sibaya Coastal Precinct offers fully integrated commercial and retail opportunities that are naturally connected to a community of people. An easy drive from King Shaka International Airport, uMhlanga, Durban and beyond, Sibaya Coastal Precinct will be the perfect place to do business. The actual development has started already two years ago, and this property has street frontage to the M4 and form part of the commercial sector of Sibaya Estate. Proposed plans for a mixed-use development are in place, which can form part of the actual sale.

Umhlanga is an affluent residential, commercial and resort town north of Durban on the coast of KwaZulu-Natal, South Africa. It is part of the eThekwini Metropolitan Municipality, created in 2000, which includes the greater Durban area. It is bordered by Durban North to the south and Mt Edgecombe to the west and Umdloti by the east. It is well known for the Gateway Theatre of Shopping which is the largest shopping mall in the southern hemisphere. It also has the second tallest skyscraper in South Africa named Pearl Sky which stands 183 meters in heights. There are two beaches: Bronze Beach and Main Beach, both of which are patrolled by lifeguards throughout the day. Umhlanga is one of the fastest-growing cities in South Africa – the population increased 57.5% from 15,387 in the 2001 census to 24,238 in the 2011 census. Recent estimates place the population at over 30,000. In the same way that Sandton, Gauteng is becoming the financial centre of Johannesburg, Umhlanga is becoming the main economic hub of Durban. King Shaka international Airport is just a 10 min drive away from Sibaya.

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Commercial Type:
Development
Web Reference:
AUCT-000977
List price:
POA
Address:
Umdloti, KwaZulu Natal
Property Extent:
6042 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 July 2019 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: 24 July 2019 11:00 am

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