|A prime 350 hectare piece of real estate just north of Ballito on the KwaZulu-Natal north coast, is to be auctioned by Pam Golding Commercial Auctions at 11.30am on Thursday, February 23, 2006 at the Beverly Hills Hotel conference centre in Umhlanga.|
A key advantage of its location is the approval of plans to go ahead with the new International King Shaka Airport at La Mercy, which will provide a tremendous boost for tourism and residential living on the north coast,
Paddy Smuts, CEO of Pam Golding Commercial Auctions says the site is fully re-zoned, surveyed and approved for development, ideal for a developer and/or investor. The approved development is that of an upmarket residential equestrian estate, comprising 949 erven and ranging from townhouse properties to 'Gentleman's Estate' properties providing ample room for stabling, paddocks and lunge rings.
The 320 'Beach 1, 2 and 3' residential sites, with panoramic views over the Indian Ocean, average at 2 300sqm in size. There are also plans to incorporate a boutique hotel. Two polo fields, together with a clubhouse and stabling, will form the nucleus of the estate.