24 Bedroom House For Sale in Durban North

AUCTION

195 Umhlanga Rocks Drive

Web Ref No KSY27946

Bidding to start from R7 500 000!! Live Modern Auction

Bidding to start from R7.5 mill !!! Calling all DEVELOPERS! Brand new to the market this ideally located, substantial redevelopment opportunity across 2 Erfs totaling 5000 sqm has become available on Umhlanga Rocks Drive.
Presently there are 2 large dwellings consisting of multiple income generating apartments / flats and single rooms. The ability to redevelop to 12 freestanding units under the present zoning or re zone to Intermediate Residential is certainly an option to look at on this site.

With redevelopment being one option or utilizing the existing structures that are in need of TLC to continue to generate monthly income gives this property unlimited opportunities to the savvy investor.

Section 1 contains the following units:
5 x large BnB rooms
1 x 1 Bed flat
1 x 2 Bed Flat
1 x 3 Bed Flat
Section 1 Outbuildings x 2 contain the following units:
1x Batchelor Flat
1x 1 Bed Flat
1 x 2 Bed flat
Section 2 contains the following Units:
6 x 2 Bed Flats
1x 3 bed Flat
Section 2 Outbuilding contains the following:
1 x 2 bedroom flat
3 x large rooms with a shared bathroom

The Sellers have chosen to make use of Harcourts Auctions
Regular preview viewing days arranged
Pre-Auction offers accepted to submit to Sellers prior to Auction day.
No Buyer Premium. Seller to pay the commission
Auction Registration documents can be downloaded from Harcourts Synergy Website.
Easy process to register and bid at the Auction
The Seller has a Non Disclosed Reserve Price
The opening bid on the auction will be R7,500,000