Assagay
R6,895,000 Web Ref 1317164
PROPERTY FEATURES
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DEVELOPMENT OPPORTUNITY IN ASSAGAY
This prime property is located within the suburb of Assagay, which is just west of Hillcrest and approximately 20 kilometers west of the city of Durban. It has easy access to major highways and freeways such as the M13 National Road (King Cetshwayo Highway), R103 and the N3 Freeway. The M13 extends east to the Durban Central Business District. The property is situated approximately 10 minutes from the Hillcrest Business District and approximately 3km from Hillcrest Private Hospital. Gevers Road is a residential street that runs through the Assagay suburb and is characterized by large properties and spacious homes. The area is generally quiet and peaceful, with a mix of residential and agricultural properties nearby. The property is surrounded by several popular residential developments and is ideally located close to all amenities that Assagay has to offer such as restaurants, shops and schools. The Watercrest Mall & the new West Town is just a short drive away. Shongweni Dam and Game Reserve are also situated nearby offering hiking, fishing and game viewing opportunities. This property has an extent of ± 7.8 Hectares and offers a prime residential development opportunity. The property’s 7.8 Hectares site extent provides ample space for a variety of development options, including townhouses, apartment and single-family homes. With potential to build up to 120 units*, the property offers a lucrative investment opportunity for developers and investors looking to capitalize on the high demand for housing in the area as the property is well situated to all major amenities allowing a well-suited lifestyle for a residential development. A development of this nature will be a valuable asset to the local area. It will create economic opportunities, boost the local population and positively impact the wider environment. A complete set of development plans are available upon request. *This is subject to local authority approval **This is a vat transaction and vat will be added to advertise price.

ERF Size 78,310 m²
Rates R4,500 per month
Duncan Bruwer duncan.bruwer@rawson.co.za
Duncan Bruwer
c. 083 647 6089