Business Rescue Instruction: Centrally Positioned Development Property, 6 Old Main Road, Gillitts
Extent: ± 6 968 m² | Residential development potential | Close to M13 Highway | Opposite brand new shopping centre & business park
This ± 6 968 m² development site is located on Old Main Road in Gillitts, West of Durban, close to the M13 Highway joining Kloof and Hillcrest, two of KZN’s more upmarket suburbs. Brand new office and retail developments have recently been or are soon to be completed directly adjacent to the property and this property is one of the last remaining development sites of this size in the area. The property currently holds residential zoning although preliminary investigations by the seller showed that the municipality may look favourably on a re-zoning application for the site. Possible uses for the property include conference venue, boutique hotel, restaurant or fast food outlet or other low impact mixed use development. The property has one existing dwelling on the site. Various studies have been conducted including a survey, geotechnical report and a wetland delineation report and these documents are available on request or can be downloaded from our website. The property is offered for sale by the appointed Business Rescue Practitioners and all bids will be considered.