Commercial space in Hibberdene

R 9 000 000

John Choles

PDH Properties

Carolina Choles

PDH Properties

Commercial space in Hibberdene

R 9 000 000

Land Area 5 ha

****Sole Mandate****

Great development opportunity available a Lifestyle Estate or Retirement Estate for the active over 50's!

On this property there are currently 13 existing income generating units as well as a restaurant/pub that is sublet.

This development whose target market is the over 50's active couples is on prime land situated in the holiday destination, bustling little village of Hibberdene, on the South Coast of Kwazulu Natal.

In dire need of retirement estates, the average waiting periods is between 3 and 10 years, especially for the active fun loving retirees.

This is prime land, within close proximity to the village centre, which has 2 shopping centres, restaurants, doctors and stunning beaches. Durban is a mere one hour drive and Port Shepstone only 20 minutes.

The property has already been zoned and approved for 54 upmarket, well finished homes. There is an existing complex of rental units, with a communal swimming pool, which could remain as such or be used for special facilities. A well-established restaurant is located on the side closest to the road and could remain as such or be utilised as an activity / community centre. There is also an existing 9 hole mashie golf course which would be located in the centre of the estate.

There is a large area of natural wetland / forest which lends itself for raised wooden walkways to meander through the forest with picnic and seating areas sure to be a winner for nature lovers.

This is an ideal and solid investment which could generate a positive return for the developer or investor.

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Commercial space in Hibberdene

R 9 000 000

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