Monthly Bond Repayment R42,460.95
Calculated over 20 years at 10.0% with no deposit. Change Assumptions
Web Ref No 2196007
Real rights residential development opportunity in Amanzimtoti.
Presenting an impressive residential development opportunity for an investor or developer to capitalize on and located in the heart of Amanzimtoti lies this ideal vacant property. Spanning some two hectares, DMOSS to be determined, this property is located a stone's throw from the Amanzimtoti CBD in an established neighbourhood and alongside the development it used to be a part of. The services to the first phase are also therefore available.
Zoned Special Residential 900 the real rights are available to begin and submit your ideal proposal. To hand are some draft plans that were proposed previously for residential units.
The Galleria shopping center is also situated within 5 min drive from the site. Arbour village, being the newest shopping center in Amanzimtoti, featuring Makro, Mc Donalds and Pick n Pay hyper also offers some of the best shopping available. The warm and inviting ocean front is always on your doorstep and as the commercial node grows and the residential market gains impetus, this fast developing town is getting some of it's former glory back again.
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 Tyron Beaches.