In2Assets will at its next multi-property auction on October 24 sell over 1900m² of scarce commercial development land at Umhlanga.
The sale will be at the Durban Country Club at 11am.
Luke Hearn, who is handling the auction, says the development land is ideally situated on Umhlanga Ridge.
“The site is adjacent to the new Cox Yeats building and fronts on to Ncondo Place. The area has recently undergone rapid and significant developments with Umhlanga Arch and multiple office developments by FWJK.
“The land available is in a prime commercial node and offers developers an opportunity to secure one of the last remaining sites in the area. Umhlanga Ridge is considered one of South Africa’s fastest-growing urban nodes,” says Hearn.
The seller of the land has progressed significantly with development plans for the site, which would offer 215 undercover parking bays.
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