Entire Frontline Property (Entire Block)

Entire Frontline Property (Entire Block)

AUCT-001301 | On Auction

Sections, 1 & 2 38 North Beach Road, Umdloti, Durban, KwaZulu Natal


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Holiday Letting / Re-development Opportunity. Sections 1 & 2 SS 38 North Beach Road, Umdloti

Extent: ± 1 900 m² | This scheme is directly opposite the Umdloti tidal pool | 2 Sections which constitute the whole block | Huge re-development opportunity | Additional 4 storeys permitted without consent | Hoilday letting and AirBnB opportunity | Ample parking | Brilliant position

Currently a 22 sleeper/9 bedroom Family Holiday letting and AirBnB property, generating R900k/annum

PRIMARY USE

The property is very well located along Umdloti’s North Beach Road, the property enjoys unobstructed sea views and direct access to the Tidal Pool and main swimming beach. The property is literally ‘on the beach’, directly opposite the Umdloti tidal pool – the safest bathing beach on the KZN coast

The scheme comprises two Sections as outlined below:

Section 1 downstairs – ‘Breakers’ – ± 164 m²

This apartment has been utilized for holiday rental purposes. It is serviced, cleaned and maintained to a high standard, attracting good reviews.

The property comprises of 4 Bedrooms, 2.5 Bathrooms, a large living area and a ± 30 m² games room. The property also has 1 x Garage and 1 x parking bay.

Section 2 upstairs – ‘Sunrise’ – ± 257 m²

The property comprises of 5 Bedrooms, 3 Bathrooms, a large kitchen and large living area and large covered entertainment patio. The property also has 2 x Garage and 1 x parking bay.

A Huge Development Opportunity

KZN has experienced a massive shift with home owners moving to the North Coast. Umdloti has naturally become a sought-after residential destination, quickly becoming one of KZN’s most rapidly expanding nodes. The central position allows residents quick access to the airport, Ballito in the North or uMhlanga and Durban to the South. The N2 & M4 freeways are also easily accessed.

The site’s crown jewel is its position, offering beach front access and unobstructed sea-views. This is a rare development opportunity to capitalise on the areas growing residential demand. The property zoning immediately allows a 4-storey development which requires no special consent.

To register and attend this auction, please email [email protected] as attendance is strictly by invite.
Alternatively, bids can be submitted via our online bidding platform https://auctions.in2assets.co.za accessible from both your PC or by downloading the In2assets App from the Google Play Store or App Store.

Residential Type:
Apartment Block
Web Reference:
AUCT-001301
List price:
POA
Address:
Sections, 1 & 2 38 North Beach Road, Umdloti, Durban, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
15 September 2020 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required.
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Auction Date: 15 September 2020 11:00 am

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