Situated in the heart of Shelly Beach with the entrance to the property on the main road through Shelly Beach, this valuable site is up for grabs!!
IMPORTANT FEATURES AS FOLLOWS: - Positioned with direct access from Marine Drive, one stand away from MacDonalds. - 4661sqm with sea views - Zoned as "Low Impact Use 1" approved by the Development Planning Services in Ray Nkonyeni Municipality - Presently there is a 4 bedroom home at the top of the property, a 2 bedroom cottage and garages - The "Low Impact Use 1" zoning allows a fair spectrum of intelligent development choices - a guideline of this spectrum will be available to interested investors, but includes Restaurant and Hotel - All essential utilities are already in place on site - Present rental income of R12 000.00 per month on a month to month basis
Shelly Beach (recognised as the business mecca of the Lower South Coast of Kwa-Zulu Natal) hosts 2 major shopping malls, private hospital, good restaurants, schools, ski-boat club and charters to the world famous Protea Banks Reef and pristine blue flag beaches.
A rare opportunity to capitalise on a secure future investment in the CBD of this popular resort town right on the Indian Ocean.
Sign-up and receive Property Email Alerts of Vacant Land for sale in Shelly Beach, Margate.
Disclaimer: While every effort will be made to ensure that the information contained within the Wakefields Estate Agents website is accurate and up to date, Wakefields Estate Agents makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.