Sunday, August 19

Umhlanga ocean view apartment sold for R3.5m

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On Friday the 13th a fortunate bidder acquired “an investor’s dream” in La Lucia.

Despite the superstitious element, on Friday the 13th a fortunate bidder acquired “an investor’s dream”: an executive apartment with stunning ocean views in sought-after Umhlanga at the relatively low price of R3.5 million.

Park Village Auction’s Clive Lazarus says the price is below current building costs in the area and represents excellent value for the investor’s money.

“While times are tough, investors are choosing to sit tight, but Umhlanga has special appeal and property here is always a sound purchase. Investments in Umhlanga now are almost certain to see significant gains. This apartment holds tremendous value as a buy-to-sell and buy-to-lease investment. It is centrally located to Durban North’s mushrooming business district and the beachfront with world-class amenities nearby.”

Located at 220 Umhlanga Rocks Drive, La Lucia Ridge, Unit 210B of The Executive is a luxury three-bedroomed apartment in a secure, gated, upmarket estate.

Call 0117894375 or see www.parkvillageauctions.co.za

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