2598 m² Commercial space in Umhlanga Rocks

R 16 000 000

Barry Reed

Just Property-Berea

2598 m² Commercial space in Umhlanga Rocks

R 16 000 000

Address: 45 hilken drive
Floor Area 2598 m²

Development Land, Hilken Drive, For Sale R16m

Situated between Gateway Theatre of Shopping and the Sea, with great Sea & Breaker Views

Erf (Land Area) 2 598 m2

Bulk Available 2 336 m2

Selling Price includes Approved Plans for 24 Apartments .

24 Apartments @ R667 000 per unit = R16m

Projected Profit on the Development R17m

Seller will consider a 50% equity partner.

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Upmarket Umhlanga has become the neighbourhood of choice for many who have moved North from more central areas. In Umhlanga you have the beach on your doorstep, along with malls and shopping centres just minutes away. With its top schools, great hospitals, business parks, gated estates, beachfront apartments and coffee shops, Umhlanga is convenience personified. Umhlanga offers a lifestyle for everyone, be it the happily retired, the on-the-go business person or the young and trendy student.

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2598 m² Commercial space in Umhlanga Rocks

R 16 000 000

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