R7,750,000
R7,750,000
4.10Ha Vacant Land For Sale in Shulton Park
Ref. CLS1361
Land 4.10Ha
Monthly Repayment
R76,747.58
Gregory Shankland
Gregory Shankland Property Practitioner Seeff Amanzimtoti PPRA Registered | FFC 2023328329

Development opportunity next to Doon Heights Primary School

Web Ref. CLS1361
This is an amazing opportunity to build 110 or more apartments to sell at just under R1.0M each to attract first time buyers (the most active market segment) and young families. Amanzimtoti has few new developments and those that have been built attract high demand.

The land is zoned General Residential 5 and the Seller has had a town planner draw up plans for 110 units with open space that respects the DMoss protection of forest and local plant species. The stand is proclaimed and serviced and ready for construction as soon as you finalize plans. It is possible to reconfigure the plans to build more units and reduce the cost per unit built and sold.

The bush setting, protected adjacent land and Toti's bird life and flora make this land ideal for an eco themed development.

The entrance to the land is from Longacres Drive right next to the school entrance. It sits atop a hill and the southern half of the proposed scheme has views across the valley.

Seadoone Mall, Amanzimtoti High School and the N2 are all just a five-minute drive. The drive to Galleria is ten minutes and in to Durban Central is twenty five.

Amanzimtoti is a coastal town just south of Durban, KwaZulu-Natal, South Africa. According to local legend, when the Zulu King, Shaka, led his army down the South Coast on a raid against the Pondos in 1828, he rested on the banks of a river. When drinking the water, he exclaimed “Kanti amanzi mtoti” (isiZulu: “So, the water is sweet”). The river came to be known as Amanzimtoti (“Sweet Waters”). The Zulu word for “sweet” is actually mnandi, but, as Shaka’s mother had the name Nandi, he invented the word to replace mnandi out of respect not to wear out her name. Locals frequently refer to the town as “Toti”

The town is well known for its warm climate and numerous beaches, and is a popular tourist destination, particularly with surfers and the annual sardine run attracts many to the beaches.

Features

Zoning
Commercial
Sizes
Land Size 4.10 Ha

Shulton Park, Kingsburgh

Documents

Zoning Certificate Erf 2954.pdf
179.2 kB Download
GP SG No 654_1998.pdf
2.9 MB Download
Kingsburg Site_06 Erf 2954.pdf
1.6 MB Download
KINGSBURGH X 9 Development Footprints.pdf
530.7 kB Download

Finance

Total Amount Repayable
R0,00
Monthly Repayment
R0,00
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