This property offers a rare opportunity to purchase a prime development site within the heart of the Durban Point Waterfront Precinct. This precinct has significant development potential due to its prime location along the waterfront of Durban Harbour and its existing infrastructure. Here are some factors contributing to its development potential:

Location:
Durban Point waterfront precinct is a vibrant and dynamic area located in Durban. It is situated along the waterfront of Durban Harbour, offering stunning views of the Indian Ocean and the city skyline. The precinct has undergone significant redevelopment in recent years, transforming it into a popular destination for locals and tourists alike. Waterfront locations often attract developers and investors due to their aesthetic appeal and potential for tourism and leisure activities.

The area features a mix of residential, commercial, and leisure facilities, making it a diverse and lively hub. It is home to upscale apartments, hotels, restaurants, cafes, bars, and shops, catering to a range of tastes and preferences. The waterfront promenade provides a picturesque setting for leisurely strolls and outdoor activities. One of the key attractions in the precinct is uShaka Marine World, a large marine theme park and aquarium complex. uShaka Marine World features a variety of attractions, including water slides, pools, aquarium exhibits, dolphin shows, and restaurants, making it a popular destination for families and thrill-seekers.

Redevelopment Initiatives:
Over the years, there have been concerted efforts to revitalize the Durban Point waterfront precinct through redevelopment projects. These initiatives aim to enhance the area's attractiveness, improve infrastructure, and create new opportunities for investment.

Mixed-Use Zoning:
The precinct's zoning typically allows for mixed-use development, which means it can accommodate a variety of residential, commercial, and leisure facilities. This flexibility in land use encourages diverse development projects that cater to different market segments.

Tourism and Leisure Demand:
Durban is a popular tourist destination in South Africa, known for its beaches, cultural attractions, and outdoor activities. The waterfront precinct, with its proximity to uShaka Marine World and other tourist attractions, has the potential to attract both local and international visitors, driving demand for hospitality, entertainment, and retail services.

Overall, the Durban Point waterfront precinct has considerable development potential driven by its strategic location, mixed-use zoning, tourism demand, economic growth, and infrastructure investment. With careful planning and collaboration between stakeholders, the precinct can continue to evolve as a vibrant and dynamic destination for years to come.