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R11,365,000 | 2,733m² Vacant Land For Sale in Point Waterfront

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2,733m² Vacant Land For Sale in Point Waterfront

BRAND NEW DEVELOPMENT LAND LISTING – NEW TO MARKET!!!

A REALLY LOW SELLING PRICE FOR THIS PRIME CANAL SITE!!!

ZONED & FULLY SERVICED, MIXED USE CANALSIDE DEVELOPMENT SITE

SELLING AT R11,365,000 (plus vat) - ONLY R1,556 / bulk sqm.

2, 733 M² VACANT LAND FOR SALE IN POINT WATERFRONT
7,300 M² ASSOCIATED BULK
ZONED MIXED USE
LAND FEATURES :
• CANALS ON TWO SIDES
• OVERLOOKING TIMEBALL SQUARE
• ACROSS THE ROAD FROM THE PROPOSED NEW SHOPPING MALL
• LESS THAN 200 METERS TO THE BEACH!!!
• ONLY 100 METERS TO THE BEACHFRONT PROMENADE!!

Situated on a canal site, right in the very heart of Durbans' new Point Waterfront Precinct, this prime property overlooks the canals & Timeball Square, plus it is only 100 meters from the beaches and it is directly across the road from the proposed new 50,000 m2 international shopping mall.

Noteworthy, it is only a stones throw from the Nelson Mandela Cruiseline Terminal & conference centre & less than 200 meters to the beach and beachfront promenade!!!

With a zoning of mixed-use 1, a height envelope of 5 storeys & 7,300 sqm of bulk, this very well-priced, valuable property, in its prime canal-side o[position, should sell fast!!!

It would be ideal property for an A grade office block, or a mixed-use residential / retail / office development.

NB. Land & property prices should escalate over the next 6 months as more & more potential purchasers express their interest in the area & the construction cranes start to re-appear on the Precinct!!!


PURCHASE TERMS - LAND & BULK

• Purchase the land and the associated bulk for private mixed use development

• Payment terms are as follows:

o 10% deposit payable in cash, or written guarantee, immediately the agreement has been signed by the purchaser and the seller.
o Balance secured in cash, bond or written guarantee, within 45 days of the final signature date to the agreement.



PROPERTY DETAILS:

Zoning : Mixed Use 1

Land Area : 2,733 m2

Bulk : 7,300 m2

FAR : 2,7

Max Height : 5 storeys (incl. parking)

Max car park : 2 floors

Selling Price / bulk m2 : R1,546 (plus vat)

TOTAL SELLING PRICE : R11,365,000 (plus vat)


Google Maps Street Search - 38 Browns Road, Point, Durban, 4001.

Contact Craig on 079 - 871 3838, to arrange a site viewing and to discuss this amazing investment and development opportunity further.
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