AUCT-001754 | On Auction

Potential Development Site

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20 October 2022 | 11:00:00 am

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    2022-10-20 11:00:00
    Potential Development Site

    Potential Development Site. ±4,5km from the N2, Northern Bank, Tugela Mouth

    Total Extent: ± 40 Ha| Tugela River forms the southern boundary | Potential development site | Beautiful views of the river mouth, and sea | Easy access from the N2 highway

    Tugela Mouth, KwaZulu-Natal


    This ±40-hectare property is an attractive potential development site on the KwaZulu North Coast, set on a gentle incline, providing unsurpassed views of the Tugela River, Tugela Mouth, the Indian Ocean, as well as inland.

    The North Coast property market is booming, and Tugela being midway between Durban and Richards Bay, is as yet largely undeveloped and seems to be the next logical development area.

    The property’s positioning with its extensive river front and the spectacular views and natural surroundings all make for excellent development potential on this site.

    Once all zonings and approvals are in place, there is the opportunity for a developer to sell units off-plan in a secure residential estate development in a breathtaking location.

    Currently the property is under sugarcane with potential for conversion to macadamias, and the balance constitutes vacant/uncultivated farm land and natural bush. The average rainfall is 1 100mm per annum, and the area sees average temperature ranging from 23 degrees to 27 degrees. As per the SG diagram, the property is subject to a road servitude.)
    Commercial Type:
    Development
    Web Reference:
    AUCT-001754
    List price:
    POA
    Address:
    ± 4,5km from the N2 Northern Bank, Tugela Mouth, iLembe DC, KwaZulu-Natal
    Auction Venue:
    Mount Edgecombe Country Club
    Mount Edgecombe
    Durban
    KwaZulu Natal
    Auction Date:
    20 October 2022 11:00 am



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

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