350 hectares of prime property awaits developer
Peter Maskell Auctioneers is inviting tenders from developers for about 350 hectares of prime land along the Ballito KZN North Coast shoreline.
Acquisition of the property is via a closed tender process which ends at 4pm on Thursday.
The strategically located property was previously earmarked for the development of the upmarket Seaton Delaval Equestrian Estate and its concept of “country estate living, modernised for today’s environment”.
But the developer, Amber Mountain Investments, was placed under provisional liquidation on June 15 and Peter Maskell’s sale of the property forms part of the winding-up of the company’s affairs.
The property has golfing and eco-lifestyle development options.
Potential buyers have the option of undertaking a
Spatial Planning and Land Use Management Act application in terms of a previously approved Record of Decision or using the land in terms of the current municipal zoning.
For further details, call Seone Maskell on 0333971190 or see www.maskell.co.za.
Sunday Tribune Auctions