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KZN assets with profit potential for online sale

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Properties include a development site just 800m from Glenmore’s Blue Flag beach

A broad selection of residential and commercial properties – including KZN investments – will be available on BidX1’s next online auction on December 4, starting at 8am.

Providing an astute developer with property with potential, are 8.8 hectares of pristine, prime undeveloped land – with services in place – at Glenmore on the KZN South Coast, just 155km from central Durban and 20km south of Margate Civic Centre.

BidX1’s MC du Toit says: “With an opening bid of R900000, this site is ideal for an eco-estate, retirement village, high-density housing or as an exclusive private estate. Only 800m from Glenmore’s Blue Flag beach, it has an expired successful residential zoning for 43 stands and a 40-room hotel/clinic, with all past documents, including environmental impact assessment and land surveyor plans, available.”

He says the KZN South Coast has another sound investment opportunity in Kingsway Road in Warner Beach. With an opening bid of R1.5million, the property features a four-bedroomed residence and large commercial building with a shop currently trading as a restaurant with a solid tenant in place.

It also has a one-bedroom flatlet with secure parking.

An additional double garage is being rented to an upholstery business.

“The residence has a deck with sweeping ocean views, a beautiful open-plan kitchen and a spacious lounge and dining area,” says Du Toit.

“The property has the potential to achieve monthly rental income of about R41000, including the R28000 a month rent from existing tenants.”

For further information click here call 021 140 3541.


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