Misty Blue Investments (Pty) Ltd | Master’s Reference No. N143/2019 | Opportunity to extend prominent Sectional Title Scheme | Real Right to develop ± 3 637 m² | Bulk: ± 9 820 m²
This development opportunity benefits from an excellent position at 38 Zenith Drive within the Umhlanga New Town Centre, adjacent to the prominent Central Park Development. This real right offers an opportunity to extend the scheme known as Central Park. The property would allow for the potential construction of a mixed-use development within the heart of the Umhlanga Precinct. The real right offers the development of a ± 3 637 m² vacant site.
Umhlanga New Town Centre is a prime, high density urban mixed-use precinct. Within this sought-after region, there is a scarcity of available sites. The surrounding precinct is a bustling business environment, 20 minutes north of the Durban Central Business Centre and the Durban Harbour. The Umhlanga Ridge zone is considered one of South Africa’s fastest growing urban nodes. Umhlanga New Town Centre comprises a combination of residential, commercial offices and retail suites. Key features of Umhlanga Newtown Centre include:
Strategic Access:
The area has quick and easy access to the N2 Highway and the new R1.1 billion four-level Umhlanga Interchange, which is a vital artery in the eThekwini Metropolitan highway system. The property is a short drive from Umhlanga Rocks Drive and is easily accessible from the M4 Highway just to its east, and N2 Freeway on the West. The M41 is also easily accessed, which continues westwards to the N2 National Freeway. The King Shaka International Airport and Dube Trade Port is located 15 minutes north.
Modern Design:
The architecture features contemporary design elements, creating an attractive and functional space for both businesses and residents.
Shopping and Dining:
The area hosts a variety of shops, boutiques, and restaurants, offering everything from local cuisine to international options. It’s a great spot for both shopping and enjoying meals.
Surrounding Businesses
The area already houses most of South Africa’s leading business brands. Within close proximity to the property, is Park Square and its flagship Spar, Plumblink, South African Revenue Services, Porsche, Talisman Hire, Honda, Citroen, Audi, Hyundai. The Gateway Theatre of Shopping Centre is a mere 430m away from the property. The local upmarket vicinity offers all modern-day amenities and services.
Please Note:
This is only preliminary Information on the property.
A comprehensive property brochure will be available shortly. In the interim please register your interest by email under auctions@in2assets.com
