One Of The Last Remaining Exclusive Suburban Development Sites

AUCT-001503 | On Auction

One Of The Last Remaining Exclusive Suburban Development Sites

2 Idwala Circle, Izinga, Umhlanga, KwaZulu Natal

One Of The Last Remaining Exclusive Suburban Development Sites. 2 Idwala Circle, Izinga, Umhlanga

Extent: ±12 158m² | The Silver Ridge Development enjoys a brilliant position along the Umhlanga Ridge | Located in one of South Africa’s fastest growing urban nodes | Permissible bulk ±12 158m² | 60 Unit opportunity | Medium Density Development | Located within the ultra-secure Izinga Park Estate


LOCALITY
Umhlanga has become the pride of Kwa-Zulu Natal and its consistent growth has seen it become one of South Africa’s most important economic hubs. Investor confidence in Umhlanga Rocks remains high with new and current developments totaling a conservative R10 billion.

The Silver Ridge development is ideally situated on the Umhlanga Ridge, the crown jewel of Umhlanga and is one of the last undeveloped sites in this exclusive area. The Umhlanga ridge zone is considered one of South Africa’s fastest growing urban nodes.

The properties within the Izinga Park Estate are designed for discerning purchasers looking for luxury living whilst enjoying the tranquility of coastal life and a rich natural environment. The Estate provides a magnificent lifestyle and is complemented by superb indigenous landscaping on lavish properties situated on the doorstep of Umhlanga Ridge.

The greater area is seen as a prime residential and commercial node, offering an exciting melting pot of residential, retail, commercial, medical, educational and leisure opportunities.

PRIMARY USE
The subject property offers one of the last remaining development stands in this high-demand node. The site comprises ±12 159m² of permissible bulk to develop with a Medium Density Residential Zoning which offers 60 opportunities over four floors. The property is conveniently located within the ultra-secure Izinga Park Estate and is easily accessed at the entrance to the park.

The development potential is diverse on the site. The area has seen a growing demand for Exclusive Retirement Homes which would be an ideal scheme, however there is an ever-growing demand for both Upmarket Apartments and larger Freestanding Homes. The development could include a mix or focus on one specific product.

Residential Type:
Vacant Land
Web Reference:
AUCT-001503
List price:
POA
Address:
2 Idwala Circle, Izinga, Umhlanga, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe
Durban
KwaZulu Natal
Auction Date:
19 August 2021 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 19 August 2021 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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