The site extent of the property is ±1, 0922 hectares and currently comprises of 4 separate buildings with ample further development land. The original dwelling on the property which is approximately 80 years old and then over the years additions were included more so in 1982 and 2009. The extent of the site has the potential to be developed into approximately 120 brand new units however in the current stage it has the potential for a further ±35 units. The Seller is not in possession of any plans, reports and investigations to confirm and verify this.

The R1.2 billion Water Project regarding the Water Treatment Plant that has currently begun is expected to be complete soon and this is expected to benefit 500 000 people in the immediate townships. This is a perfect node for first time home owners. This property provides one with the perfect opportunity to convert the property into a retirement village, an exclusive gated estate or even into a guest lodge with conference facilities, however, special consent and approvals must be obtained from the Municipality for these uses.

The property comprises of 18 apartments, an entertainment room or possible office of ± 25 m², a workshop of ± 160 m², laundry areas a good size pool with braai areas and ample parking and garden areas. The property is currently 80% occupied by good tenants who have been occupying the units for a number of years.

The configuration of the apartments is as follows:

1 x Studio flats (internal extent range from ± 25 m² to ± 40 m²)
7 x 1-bedroom flats (internal extent range from ± 40 m² to ± 50 m²)
8 x 2-bedroom flats (internal extent range from ± 55 m² to ± 90 m²)
1 x 3-bedroom flat (± 50 m²)
1 x Store Room – Potential to be converted into a Unit

The 1, 2 & 3-bedroom apartments further comprise of open plan lounges, dining rooms, some with verandas and all of them with a bathroom (Shower, basin and toilet). All of the apartments have their own water and electricity meters. It should be noted that we did not obtain access into all apartments.

Further to the apartments, the property comprises of an upper floor existing entertainment room / office with a deck area. This upper floor has the potential to be converted into an additional bachelor unit.

There are distant sea views of from some of the apartments. Currently there is no parking allocation to each tenant, however, access to the units determines the parking allocation.

The property further comprises of additional development land which is in extent of approximately ± 5 000 m² (to be used as a guideline due to this extent be taken from Google Earth).

Amanzimtoti is a coastal town just south of Durban, renowned for its warm weather and beaches. It is a popular tourist destination, particularly with surfers and the annual sardine run which attracts many to the beaches. Many South Africans gather here during school holidays and on long weekends. Its location on the N2 National Highway, approximately 11 km from the old Durban International Airport made it a convenient destination, however, the Airport closed on 1 May 2010 as the new King Shaka International Airport opened to the north of Durban.

The property is known as the Wade Estate and overlooks the new Amanzi Estate Development (a separate privately owned property). It is positioned on the top of the hill within the Amanzimtoti township, west of the N2 Freeway. The property obtains access directly off Wade Road, which in-turn has easy access to the main road of Amanzimtoti, being Wanda Cele Road.
There are various good primary and secondary schools and community shopping centres in close proximity. Also positioned close by is the Amanzimtoti CBD, Amanzimtoti Athletics Club and Community Centre. The Southgate Industrial Park is positioned slightly north east of the property. Easy access to the N2 Freeway can be obtained which is approximately 3km east.
All necessary amenities can be found within a 5km radius from the property.