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5,830m² Vacant Land For Sale in Point Waterfront

PRIME MIXED-USE, CANAL DEVELOPMENT SITE

FORCED SALE !!!
MAKE A WRITTEN OFFER!!
NB. LAND VALUE : R13,117,500 (plus vat) @ R2,250 / m2

BEST WRITTEN OFFER ABOVE R4,5 MILLION WILL BE CONSIDERED!!!
Commission of 10% is payable on top the final accepted selling price.

PROPERTY DETAILS:


Purchase Bulk: 5830 m2

Address: Cnr Browns Rd & Timeball Boulevard.

Portion number: Portion 72 of erf 12524

Site zoning: Mixed use 2

Site Area: +/- 2506

Max Height: 26,2 meters (+/- 6 storeys)

Max Bulk: 5830 m2


SELLING PRICE : MAKE A WRITTEN OFFER !!

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PROPERTY DETAILS
- VIEWS DOWN AHEAD TO THE OCEAN;
- VALUABLE CORNER CANALSIDE PROPERTY;
- BEAUTIFUL VIEWS OVERLOOKING THE CANAL & TIMEBALL SQUARE;
- GREAT REAR VIEWS TO THE HARBOUR & CRUISELINE TERMINAL;
- SHORT WALK DOWN THE ROAD TO PROPOSED NEW SHOPPING MALL;
- EASY WALK TO USHAKA, THE PROMENADE & THE BEAUTIFUL BEACHES!!

Cnr Browns Road & Timeball Boulevard - Google Street Maps


PRIME, CANAL-SIDE PROPERTY FOR SALE - FORCED SALE!!!

Situated on the canals, overlooking Timeball Square, on the corner of Browns Road and Timeball Boulevard, this prime canal site, right in the very heart of Durbans' new Point Waterfront Precinct, this prime development property overlooks the canals and offers views to the ocean, the harbour, as well as views down the beautiful canals.

Noteworthy, as is also only a stones throw from Portnet's brand new Nelson Mandela Cruiseline Terminal, there will be wonderful views available from the building, to the cruise liners, as they dock in Durban..

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

With a zoning of mixed-use 2, a height envelope of 26,2 meters (+/- 6 storeys) & selling bulk of 5,830 sqm of bulk, this well positioned, valuable property, should sell fast!!! Make an offer NOW!!

There are two draft designs for this site by two reputable Durban architects. These designs outline two very different design concepts, one of which is for a mixed use commercial and residential development on this property, while the other one is a concept design for an hotel development.

I worked closely with both these architects and advised them on the various apartment layouts, designs and the apartment mix in the building, as well as what should have appealed to the markets at that time. I could forward these concept designs to you, should this site appeal to you.

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

In the news

POINT WATERFRONT PROMENADE OPENING
POINT WATERFRONT PROMENADE OPENING THIS SATURDAY!!!! THE Durban Promenade extension will officially open to the public on this coming Saturday, the 16th November. The mayor, Mxolisi Kaunda, will walk the 8km route from Blue...
 
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Transfer Costs

Natural Persons Legal Persons
Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
TOTAL:
Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
TOTAL:
GRAND TOTAL:

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Joint Available Income
 

MONTHLY REPAYMENTS

 

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Monthly Payment

14,202,945.91

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