South Africa Residential Property For Development
South Africa. Kwazulu Natal. Hibiscus South Coast. Umtentweni. Close to all tourist amenities and commutable to Durban.
Price R7,500,000 (South African Rand)
Latitude: 30°42'38.71"S, Longitude 30°28'5.76"E
One of the last opportunities left in this area. 8.69 hectare (21.27 acres) of level land adjacent to existing suburban development with excellent motorway access to Durban. Opportunity for residential property development with real rights under existing zoning in established sought after area as follows:
o Minimum lot area for subdivision: 2000m2
o Minimum lot area for detached / attached multi units: 4000m2
o Maximum number of units per hectare: 5
o Coverage: 30%
o Height: 3 storeys
o Building line: 7.5 meters
Note that an environmental impact study may be required on account of indigenous vegetation (which may be replaced). Adjacent residential development provides a precedent for the successful outcome for a well prepared application.
* Price: 7,500,000 ZAR (~ $ 888,993 USD) (Land / Lot area: 35.26 ZAR / m2)
Keywords: South Africa, South Coast, Kwazulu Natal, Margate, Port Shepstone, Umtentweni
Date & Time Listed: 2009-04-20 04:03:50 GMT
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* South Coast Business Brokers
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