AUCT-000379 | Property previously listed

Frontline Retail Development Land

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23 March 2017 | 11:00:00 am

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    2017-03-23 11:00:00
    Frontline Retail Development Land

    Frontline Retail Development Land, 35 Meridian Drive, Umhlanga New Town Centre

    Extent: ± 4 854 m²

    Umhlanga, KwaZulu Natal


    This property is one of the last two vacant pieces of land in well-established Meridian Drive. This position gains further value with the new link road to Cornubia which is currently under construction.

    Umhlanga is an affluent residential, commercial and resort town north of Durban on the coast of KwaZulu-Natal, South Africa. It is part of the eThekwini Metropolitan Municipality, created in 2000, which includes the greater Durban area. The name Umhlanga means "place of reeds" in isiZulu. It is bordered by Durban North to the south and the suburb of Mt Edgecombe further inland.

    It is well known for the Gateway Theatre of Shopping which is the largest shopping mall in the southern hemisphere. It also has the tallest skyscraper in KwaZulu-Natal named Pearl Sky which is under construction (as of 2016). There are two beaches - Bronze Beach and Main Beach both of which are patrolled by life guards throughout the day. Umhlanga is one of the fastest growing cities in South Africa - the population increased 57.5% from 15,387 in the 2001 census to 24,238 in the 2011 census. Recent estimates place the population at over 30,000. In the same way that Sandton, Gauteng is competing with Johannesburg, Umhlanga is competing with Durban central to become the main economic hub of KwaZulu-Natal.


    Commercial Type:
    Vacant Land
    Web Reference:
    AUCT-000379
    List price:
    Property previously listed
    Address:
    35 Meridian Drive, Umhlanga, KwaZulu Natal
    Property Extent:
    ±4854 m2
    Auction Venue:
    Durban Country Club
    Isaiah Ntshangase Road
    Durban
    KwaZulu Natal
    Auction Date:
    23 March 2017 11:00 am



    Auctioneer:
    Auction Terms and Conditions:
    R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.

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