DEVELOPMENT REAL ESTATE IN UMHLANGA CENTRAL

Prime development opportunity in Umhlanga Rocks for 18-24 units with ocean views, rooftop gardens, and profitable retail center.

A rare development opportunity to acquire prime development real estate in central Umhlanga Rocks. Probably the last central development opportunity available with sea and breaker views and situated in an upmarket neighborhood.

Plans have been completed for 18 units with roof top gardens and

undercover parking. The plans currently include 6 x 3-bedroom units and 12 x 2-bedroom units with double car garages and a community pool.

There are also completed plans for 24 units.

Prime Location – overlooking the Indian Ocean
Expansive land area 2,596 m2
Presently the site is being used as a profitable retail centre.
Zoned GR:4 with an application for GR:1.
Plans for both 18 (GR:4) and 24 (GR:1) apartments.
A substancial potential profit margin.

Monthly Costs

Rates & Taxes

R 22,000

TotalR 22,000

* Monthly costs are estimates and should be confirmed with the agent.

Property history

Listed for sale at R13,500,000

25 Jul 2024

Area Overview

Umhlanga Central offers a vibrant coastal lifestyle with modern amenities, stunning beaches, and a bustling commercial hub, making it an attractive place to live.