Warner Beach - MR538057

Commercial in Warner Beach, Durban - South Coast, Kwa-Zulu Natal

R 1,800,000 Price Reduced

... Numbers not adding up?

1200m2
2559m2
Warner Beach - MR538057
Commercial in Warner Beach, Durban - South Coast, Kwa-Zulu Natal
R 1,800,000
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Key Features

Services

  • Rates and Taxes R1230 .

More Features

  • Property Type - Commercial
  • Seller Type - Private Property
  • Floor Area - 1200m2
  • Erf Size - 2559m2
  • Price per square floor meter - R1,500 per m2
  • Price per square erf meter - R703 per m2

MyRoof Stats

  • 127 Views
PID=538057 DID=562416 SID=1

This property is an incomplete build with 17 units in total plus 21 garages in four Blocks and some open parking bays. There is a current quote of [hidden] to complete the build. Plans have lapsed at council because construction was halted during Covid and has not restarted. Plans must be [hidden] (The site is zoned General Residential 1 - plans and zoning certificate attached to this ad)- There is a small existing double storey building with one, 1 bed / 1 bath of 28 sq m per floor (Two in total). Needs renovation to match the standard of the new build- Plans are approved for three Blocks of 2 X 200 sq floor area each comprising four 2 bed / 1 bath units plus a studio unit at the end. (Total 15 units) - Under two of the three Blocks are 7 garages** One block has the basic structure up - floors and walls only, the other two have not been started. The quote of [hidden] to complete the build was done in Oct 2022 by JRC Projects and [hidden] total of 17 planned units is made up as follows:- 12 x 2 bed / 1 bath units of approximately 56 sq m plus small balcony- 3 x studio units of approximately 24 sq m- 2 x 1 bed / 1 bath units of approximately 29 sq mBaggie's Beach is less than a 5 minute drive and is within walking distance. Warner Beach Schools are right there. Warner Beach shopping strip and the N2 at Seadoone Road are [hidden] is a coastal town just south of Durban, KwaZulu-Natal, South Africa. According to local legend, when the Zulu King, Shaka, led his army down the South Coast on a raid against the Pondos in 1828, he rested on the banks of a river. When drinking the water, he exclaimed â??Kanti amanzi mtotiâ? (isiZulu: â??So, the water is sweetâ?). The river came to be known as Amanzimtoti (â??Sweet Watersâ?). The Zulu word for â??sweetâ? is actually mnandi, but, as Shakaâ??s mother had the name Nandi, he invented the word to replace mnandi out of respect not to wear out her name. Locals frequently refer to the town as â??Totiâ?The town is well known for its warm climate and numerous beaches, and is a popular tourist destination, particularly with surfers and the annual sardine run attracts many to the beaches.


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