- 4.3 ha
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Property description
Take advantage of this rare opportunity to develop a high-end boutique Estate or sectional title scheme by purchasing this prime PUD (Planned Unit Development) site on the eastern sea-facing edge of the burgeoning Sibaya precinct. 75% of this 4.33 hectare site offers amazing sea views overlooking Umdloti, with the remaining vistas taking in lush coastal forest and inland views with spectacular sunsets.
The proposed bulk supports a low-density scheme of a maximum of 120 luxury units not exceeding four storeys. The price of R105 million attracts VAT and not transfer duty.
Sibaya is one of the fastest growing nodes on the KwaZulu-Natal north coast. R5 billion is being injected into the area, including a new shopping centre, HQ Sibaya Office Park, hotels, a conference centre, service station, the Porsche showroom and big nationals like Weylandts and Hertex, are relocating to the area,
There is massive infrastructure development including an extension of Heleza Boulevard to the M27 leading directly into Umdloti.
Call Frances to secure your personal presentation.
Property Details
Property Features
| Erf Size | 4.3 ha |
