Web Ref No RL31650

NON DISTRESSED AUCTION
BIDDING TO START AT R4 000 000
DATE OF AUCTION : 14 NOVEMBER 2024

This prime agricultural property offers a unique investment opportunity, strategically positioned on the bustling R617 corridor—one of KwaZulu-Natal’s primary routes linking Howick and the Eastern Cape. The property is just 3.6 km from the N3 Highway and 100 km from central Durban, ensuring excellent connectivity and high visibility with over 10,000 vehicles passing by daily.

Property Features:
Versatile Usage Potential:
Currently zoned for agriculture, the property is exempt from the Agricultural Land Act of 1970, making it ideal for a range of commercial developments, including B&B expansion, warehouses, or distribution centres.

Business Development Opportunity:
Situated within the uMngeni Municipal Spatial Development Framework (SDF), the council has indicated a straightforward rezoning process (estimated at 6-8 months) to facilitate future commercial or industrial projects.

Existing Infrastructure: The farm hosts a well-established B&B and is equipped with reliable utility services:
• Water Supply: Domestic and garden irrigation water provided by uMgungundlovu District Municipality. Additionally, two boreholes deliver approximately 10,000 Liters over a 12-hour period, ensuring backup water security.
• Electricity: Connected to Eskom Power, with a robust 100 KVA 3-Phase power supply.
Ideal Topography: The land is predominantly level to gently sloping with a westerly aspect, making it suitable for construction and development.

Strategic Frontage:
The property’s northern boundary extends approximately 300 meters along the R617, designated as a Primary Corridor within the uMngeni Municipal SDF—a critical mobility corridor connecting Gauteng to the Eastern Cape.

Investment Highlights:
With its prime location, substantial road frontage, and easy access to major routes, this property presents an excellent opportunity for investors looking to develop a high-traffic commercial hub or capitalise on the existing B&B business. Take advantage of the region's growing economic potential and position your development at the heart of a vital transport corridor.
Contact us today to explore this rare opportunity to acquire a property with immense development potential and strategic significance!

All offers encouraged. Submit an offer to stop the auction - loan or cash. Easy process to register to bid at the auction. Online bidding and streaming available. Regular show houses to be held. Auction info available on request.
The Seller has chosen to make use of our internationally proven Luxury Non-Distressed Auction Platform For Serious Sellers

- No Buyer’s Commission
- Full Finance Options Available
- Offers Accepted prior to Auction Day
- All property reports available on request
- The seller has a Non-Disclosed Reserve Price

* Opening bid on auction day will be R4,000,000
* Registration required with ID proof.
* Bidding in South African Rand.
* Highest bidder commits to purchase.
* Purchaser not liable for property arrears.
* Auction with Reserve; seller can reject bids below reserve.
* Purchaser pays purchase price and transfer costs.
* Property is sold subject to confirmation by the seller.
* Compliant with Consumer Protection Act.