R6,500,000 | 5,034m² Vacant Land For Sale in Point Waterfront

5,034m² Vacant Land For Sale in Point Waterfront
FORCED SALE - LIQUIDATION!!!
PRIME MIXED-USE, CANALSIDE DEVELOPMENT SITE

REDUCED FROM R8 MILLION TO ONLY R6,5 MILLION!!!!

NB. ESTIMATED LAND VALUE : R16,989,750 (plus vat) @ R2,250 / m2

Final accepted price will depend on how clean the offer is?
Commission of 10% is payable on top the above selling price.

Herewith the information on development site 1.11 which is a prime canal site, inside the Precinct.

This prime site will not only offer beautiful canal views but it will also offer magnificent harbour entrance (down the canal) and views from the rear of the property to the new Cruiseliner Terminal and the harbour beyond.

A prime, canal-side property that is being offered as a forced sale, way below the value of this prime canal side development property, located in the very heart of the Point Waterfront Precinct!!
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Situated on a sought after canal site, right in the very heart of Durbans' new Point Waterfront Precinct, this prime property development will overlook the canals and offers views to the harbour, as well as views down the canals to the harbour entrance.

Importantly, it the site only a short walk to the beaches, the promenade and the proposed new 50,000 m2 international beachfront shopping mall.

Noteworthy, it is also only a stones’ throw from Portnet's new Nelson Mandela cruiseline passenger terminal & conference centre.

With a zoning of mixed-use 1, a height envelope of between 4 (minimum) and 6 storeys (maximum) & selling bulk of 7,551 sqm of bulk, this well-priced, well positioned, valuable property, should sell fast!!!

There is an additional 5,034 m2 of bulk which, subject to negotiation, may be purchased from the DPDC, as the maximum bulk for the property is 12,585.

This vacant property would be ideal for a hotel development, or a mixed-use residential / retail / office development, which would offer wonderful views of the canals and the harbour, as well as limited views down the canal, to the harbour entrance.

The draft plans of an architects mixed-use design, can be found in the picture section.

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For your information, herewith the pertinent information for this prime canal-side site, within the Waterfront Precinct :

PROPERTY DETAILS:

* VALUABLE CANALSIDE PROPERTY;
* BEAUTIFUL VIEWS OVERLOOKING THE CANAL;
* AMAZING REAR VIEWS TO THE HARBOUR & CRUISELINE TERMINAL;
* VIEWS DOWN THE CANAL TO THE HARBOUR ENTRANCE;
* SHORT DISTANCE BY ROAD OR CANAL TO NEW SHOPPING MALL;
* EASY WALK TO USHAKA, THE PROMENADE & THE BEAUTIFUL BEACHES!!

5,034² OF PRIME CANALSIDE DEVELOPMENT LAND

Land Area : 5,034 m2

Purchased Bulk : 7,551 m2

Primary Bulk (minimum to be developed) : 3,776 m2

Additional Bulk (available to purchase from DPDC) : 5,034 m2

Maximum Permissible Bulk (to be developed on site) : 12,585 m2

Min Height : 4 storeys

Max Height : 6 storeys


NB. All areas & sizes are to be confirmed by the liquidator.

SELLING PRICE : R6,5 million (plus 10% commission)

NB. ESTIMATED LAND VALUE : R16,989,750 (plus vat) @ R2,250 / m2

SITE LOCATION : For exact location of this site, search for 7 Signal Road, Point Waterfront, KZN, on Google Street Maps.