800 m² Land available in Point Waterfront

R 3 000 000

Craig Murphy

PWR Industrial & Commercial

800 m² Land available in Point Waterfront

R 3 000 000

Land Area 800 m²

Real right development opportunity .. Infrastructure & all services already in place!!!

ONLY R3 million

This amazing, immediate development opportunity, includes draft plans for the development of 5 x 2 bed, luxury double volume apartments, which would form part of and will actually be attached to, the Quayside development.

This new mini development opportunity, is entitled to utilise all the current Quayside buildings facilities and services, which would mean that the add-on development, would not need to supply the all these costly services outlined below.

Infrastructure & Services Included In the Real Right Purchase:

*4 x piled foundations, which have been designed and constructed to withstand the stresses of a 10 storey development, that is to be built upon them

*The bulk is zoned mixed use 2, which allows for residential and / or commercial development

*10 allocated, secure, undercover parkings bays

*2 lifts and the lift foyers

*fire escape and stairwell

*front entrance and reception area

*communal swimming pool

*all other rights of use and / or access

The allocated bulk is 800m2 (to be confirmed by developer). The internal areas of the 5 apartments total around 600m2, which will allow one to play around little and convert these 2 bed apartments, to larger 2 or 3 bed apartments, should a purchaser decide to change the layout of the apartments.

Alternatively, one could develop one double volume penthouse apartment, with a roof garden and the rest could be 8 simplex, 2 bed apartments.

A developer could make these apartments very up-market and sell these apartments at R20,000 / m2, or even at R25,000 / m2 for the top floor penthouse unit, onto which the developer could possibly add a roof garden and pool area.

The new Quayside Towers sectional title, apartment owners, will become members of the Quayside Body Corporate and will be run and governed by this same body corporate, which is already in existance.

This is an incredible investment opportunity for any developer, as it will entitle him to purchase a real right to a development that would not demand a large capital outlay and as it is a relatively small development, the construction time would be fairly short. Furthermore, the developer could begin construction almost immediately as there are no basements and piling to be done and most importantly, most of the basic infrastructure is already being in place.

Do not miss out on this incredible opportunity!!!

Read More

Email the Agent or request the agent Call You Back should you require any further details.

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

Photo Gallery

Craig Murphy

Craig

Murphy

Share this Property

Need a Home Loan?

R
R
*
%
 
Monthly Repayment

Loan Value (Capital) R 0
Total Interest R 0
Total Repayment R 0
Interest at 7.25% for 20 years
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

Experience Durban Central

Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.

Find out more about Durban Central

800 m² Land available in Point Waterfront

R 3 000 000

800 m² Land available in Point Waterfront photo number 1
800 m² Land available in Point Waterfront photo number 2
800 m² Land available in Point Waterfront photo number 3
800 m² Land available in Point Waterfront photo number 4
800 m² Land available in Point Waterfront photo number 5
800 m² Land available in Point Waterfront photo number 6
800 m² Land available in Point Waterfront photo number 7
800 m² Land available in Point Waterfront photo number 8
800 m² Land available in Point Waterfront photo number 9
800 m² Land available in Point Waterfront photo number 10

Contact Agent

Sending Message...
By sending, you agree to Private Property's terms and conditions

3D View

Video Tour

Apply for a Home Loan

Contact Agent