Historic Re-development Opportunity - Point Waterfront

CONSOLIDATE, RESTORE & DEVELOP THESE TWO HISTORIC SITES
Two valuable properties, positioned on a prime corner location, which is both inside (site 1.6) and outside (site 2.5) the developing Point Waterfront Precinct.
The rear property, which is located behind the historic corner building, is a vacant plot, which has a footprint of 366 m2. The developed front corner site building is located of a footprint of 371 m2.
Due to these two properties prime locations on Mahatma Ghandi Rd and the fact that they will both will be on the corner of the main exit from the future transportation node, for the entire Point Waterfront Precinct, they will offer an investor / developer, a fantastic opportunity to secure this prime development location into the future!!
Furthermore, as they are located on the Point Waterfronts' main access and egress road, Namely Mahatma Ghandi road, these two prime corner sites, which can be consolidated into one development property, offer a valuable location within the Point Waterfront, which will become even more valuable when the new shopping mall and high rise beachfront residential and hotel developments, within the Point Waterfront Precinct start to come out the ground!!

Development Opportunity
Local architects, Emmett Architects, who have been involved in developments within the Point Waterfront to the last 10 years, have conceptualised an exciting new development and re-development scheme, which includes the incorporation of the historic corner building into the dynamic high rise development behind it.
In the designs and 3D models, have been included in the pictures section of this link, the architects have investigated the possibility of having a drive-up apartment block. There are challenges here but the architects are willing to sit down with the investor / developer to work through the issues and the opportunities that this valuable site presents.

The architects, have used the ground floor as a possible restaurant space, with a cocktail bar on the first storey.
The parking for this commercial section, is on the lowest three floors with two floors of dedicated parking above this. The two floors of parking also act as a visual break between the historic fabric of the existing building and the massing of the apartment block.

The ground & 1st floors being commercial and another approximately 15 floors of residential apartments being allowable. The architects have also investigated the restoration of the original existing structure. See architects conceptual designs in photos section.
Trish Emmett will be happy to meet with potential purchasers for this property, to discuss the various opportunities that this valuable, extremely well positioned site offers site present.
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Herewith below are the details of sites 25 & 16, which are two freehold properties owned by same landlord and they are accordingly, being sold t...

Property Reference #: CL714

Agent Details:
Craig Murphy
Point Waterfront Realty
Shop G-01 The Sails
14 Timeball Boulevard
Point Waterfront
Durban
4001