This is an excellent opportunity to grow your commercial development portfolio with this perfectly located, level property, extending over 4800sqm and situated in central Hillcrest, Western Suburbs, Durban. The property is two ERFs selling as one, which allows a developer some great options.
The property currently has some buildings on it and is used as offices, however, being situated in a Transition Zone 1, it would be perfect for the following types of developments:
Padel Courts
Multiple Unit Development
Office / Medical Development
Retirement Centre
The total extent of the two properties is 4,845 with a FAR 1,696 (0.35), Coverage is 1,454 (30%) and allows for 2 Stories in Height. There are some great plans in place for a commercial development for the property which can be considered.
Do not miss this great investment opportunity to acquire some prime Commercial Real Estate in the heart of Hillcrest. Contact us to arrange a private viewing. Please note that pre-screening and financial qualification of potential buyers is a requirement prior to viewing this property.
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