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UMTENTWENI PRIME VACANT LAND FOR DEVELOPMENT
R 2,900,000
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General Details
Location:
For Sale By:Agency
Description
Updated 6 May 2024
Discover the potential of this sprawling 8-hectare canvas nestled in the heart of Umtentweni, beckoning visionary developers to shape its future. Strategically positioned near the vibrant pulse of Umtentweni shopping center and the allure of Umtentweni beach, this parcel of land offers unmatched convenience and accessibility, just a stone's throw from the highway.
Bush and Trees
The entire property is under natural bush and trees
Superb Location Close to the heart of Tweni town, and with close access to the main highway as well as bordering the old main road. The property is 2 km from the Tweni beach.
About the Land
This stunning parcel of land has one boarder of residential houses (600m). The rest of the property is boarded by a side road and the old main road. It is easily accessible and close to amenities.
This stunning property is perfectly positioned for prosperity and success by meeting the market’s needs. From Umtentweni to Southbroom, the coast has been blossoming with investments from both younger families and retirees alike. Local “semigration” has seen permanent residents on the rise.
Zoning regulations : Residential 2: - For Ray Nkonyeni Municipality this allows for 6 units per hectare to be built. Calculated on 9 Hectares allows the development of 52 medium density housing units. Zoning information provided is Subject to Ray Nknoyeni Municipality Zoning Regulations as per the general information extract hereunder:
Residential Zoning 2 classification for properties in the Ray Nkonyeni Municipality. Zoning regulations can vary significantly between different municipalities and regions, and they are subject to change over time.
Real and Proper T will facilitate engagement with the Municipality to obtain all the up to date regulations.
Rarely does such a prized location become available for acquisition. Embrace the synergy of neighboring amenities, from the retail therapy of Tweni Pharmacy and Tweni Spar Centre to the tranquil shores of Tweni Beach, complete with its iconic 'granny pool' cherished by locals and tourists alike.
For a closer look at this investment opportunity, reach out to Real and Proper T. Led by Gail Mortimer, an intern agent renowned for her dedication and expertise, Real and Proper T is committed to guiding property owners and buyers towards their own slice of paradise. Elevate your development aspirations with us today.
Property Reference #: RL1376
Agent Details:
Gail Mortimer
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal
Discover the potential of this sprawling 8-hectare canvas nestled in the heart of Umtentweni, beckoning visionary developers to shape its future. Strategically positioned near the vibrant pulse of Umtentweni shopping center and the allure of Umtentweni beach, this parcel of land offers unmatched convenience and accessibility, just a stone's throw from the highway.
Bush and Trees
The entire property is under natural bush and trees
Superb Location Close to the heart of Tweni town, and with close access to the main highway as well as bordering the old main road. The property is 2 km from the Tweni beach.
About the Land
This stunning parcel of land has one boarder of residential houses (600m). The rest of the property is boarded by a side road and the old main road. It is easily accessible and close to amenities.
This stunning property is perfectly positioned for prosperity and success by meeting the market’s needs. From Umtentweni to Southbroom, the coast has been blossoming with investments from both younger families and retirees alike. Local “semigration” has seen permanent residents on the rise.
Zoning regulations : Residential 2: - For Ray Nkonyeni Municipality this allows for 6 units per hectare to be built. Calculated on 9 Hectares allows the development of 52 medium density housing units. Zoning information provided is Subject to Ray Nknoyeni Municipality Zoning Regulations as per the general information extract hereunder:
Residential Zoning 2 classification for properties in the Ray Nkonyeni Municipality. Zoning regulations can vary significantly between different municipalities and regions, and they are subject to change over time.
Real and Proper T will facilitate engagement with the Municipality to obtain all the up to date regulations.
Rarely does such a prized location become available for acquisition. Embrace the synergy of neighboring amenities, from the retail therapy of Tweni Pharmacy and Tweni Spar Centre to the tranquil shores of Tweni Beach, complete with its iconic 'granny pool' cherished by locals and tourists alike.
For a closer look at this investment opportunity, reach out to Real and Proper T. Led by Gail Mortimer, an intern agent renowned for her dedication and expertise, Real and Proper T is committed to guiding property owners and buyers towards their own slice of paradise. Elevate your development aspirations with us today.
Property Reference #: RL1376
Agent Details:
Gail Mortimer
Real and Proper T
No 1 Bank Street (Corner Bank Street and Marine Drive)
Margate
KwaZulu Natal
Id Subtitle 1250869410
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Estimated monthly repaymentR 31,428
Total property loan amountR 2,900,000
Total interestR 4,642,602
Total repaymentR 7,542,602
Interest rate at 11.75% for 20 years *
* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.
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Selling for 3+ years
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