This is an excellent opportunity to build 88 or more apartments to sell at just under R1.0M each to attract first time buyers (the most active market segment) and young families. Amanzimtoti has few new developments and those that have been built attract high demand.
The land is zoned General Residential 5 and the Seller has had a town planner draw up plans for 88 units with open space that respects the DMoss protection of forest and local plant species. The stand is proclaimed and serviced and ready for construction as soon as you finalize plans. It is possible to reconfigure the plans to build more units to reduce the land cost per unit.
The entrance to the land is from the corner of Longacres Drive and Karridale Drive. The scheme as proposed sits at the high end of the stand with views across the bush.
Seadoone Mall, Doon Heights Primary School, Amanzimtoti High School and the N2 are all less than ten minutes away. The drive to Galleria is ten minutes and in to Durban City Center twenty five minutes.
Contact Agent
Need a home loan?
