These properties are situated in the heart of the rural residential suburb of Madadeni, in the greater Newcastle area. Newcastle is the third largest city and urban centre in KwaZulu-Natal, South Africa. It is located in the North West corner of the province along the Ncandu River and is moderately industrial.

This property presents an opportunity for the redevelopment of 108 units within the sectional title scheme known as Highlands Estate.

The parent site holds a total of 48 324 m² of land on which the first phase of 108 units of the sectional scheme has been sold out. The Estate comprises 12 blocks of the old Iscor Hostels, where 6 of them were refurbished and converted into the first phase which comprises of 108 units of 2-bedroom and 1-bathroom apartments with 1 parking bay each, inside the secure estate.

These sections have been completed and transferred already. The sectional title plans for the second phase have been registered.

The 108 units that will be going on auction consists of the remaining 6 semi completed buildings which will be sold for redevelopment into 2-bedroom units. Each building comprises of 3 Floors with the potential of 6 units per floor. Each building would house 18 units made up of 3 x 36 m² units, 3 x 40 m² units, 9 x 49 m² Units and 3 x 54 m² units.

Newcastle is also one of the country’s main Industrial centres, encompassing four industrial zones over an area of 222 square kilometres.

This city serves surrounding towns with maize, livestock and dairy farmers as well as workers connected to Karbochem, Mittal Steel South Africa (previously ISPAT/ISCOR), the textile and service industry. There is also considerable coal mining in the area. The Newcastle Regional Mall and Blackrock Casino are located close by.

The suburb is in walking distance to the Curro Meridian School as well as the Meadowlands Estate development.

The Shoprite Convenience Centre is mere ±2.6km away or a 5-minute drive and the Madadeni Provincial Hospital is situated ±3.1 km away.