Web Ref No RL1463

Updated Listing 25 June 2024

Golden Investment Opportunity: Prime Sea-view Property for Commercial Development - Zoned Residential High Impact 2.

In accordance with planning zoning classification in South Africa "Residential 2" allows for a density of between 10 and 20 dwellings per hectare. To put that in perspective, a hectare is approximately 10,0000 square meters (or just under 2.5 acres) This zoning is ideal for cluster housing or townhouse complexes. Height can be applied for, through the Local Municipal Planning Department, up to 4 stories high.



Unlock the potential of this breathtaking sea-view property in Umtentweni, strategically located just 5km from the vibrant heart of Port Shepstone. Zoned as residential high impact 2, this gem presents a lucrative prospect for commercial property developers aiming to capitalize on the thriving local economy.

Situated in close proximity to a hotel, housing developments, and flats, this property offers the ideal canvas for constructing flats in accordance with the zoning regulations for this property. The current structure, a charming compact house, with its spacious kitchen, ample dining room, three well-proportioned bedrooms, one bathroom, and a separate visitor's toilet, awaits a transformation that aligns with the commercial potential of the area.

The house, nestled at the top of the property with sloping grounds towards the road, demands renovation to fully unleash its investment prowess. With tiled floors and wooden flooring in the lounge area, the existing structure can be reimagined to complement the upscale vision of a commercial development.

Here's why this investment is a strategic move:

Local Economy Overview:

Ugu District is a stronghold for agriculture, contributing 10.02% to the district's GVA.
Ray Nkonyeni Municipality is actively fostering an environment for agriculture, maritime, tourism, and industrial growth, creating a promising business landscape.
Infrastructure and Amenities:

Proximity to several hospitals, including Dunstall Farrell Hospital, G.J. Crookes Hospital, Murchison Hospital, and Port Shepstone Hospital.
Educational institutions, with approximately 66 schools in the Ugu District, are insufficient to meet the accommodation needs of students, presenting a unique opportunity for residential development.
Esayidi TVET College in Ugu District serves as a key driver of skills development.
Demand for Long-Term Rentals:
"The Port Shepstone area is a magnet for families, students, and working professionals seeking affordable long-term rentals in a safe environment. The shortage of such housing options due to high demand for holiday accommodation creates a significant gap in the market. Developers can seize this opportunity to meet the growing demand for quality, affordable housing in the Lower South Coast."

This is your chance to contribute to the local community's growth and meet the increasing demand for commercial properties in the area. Don't miss out on turning this property into a thriving investment that promises substantial returns. Embrace the potential, envision the future, and invest wisely! Contact Gail Mortimer, Real and Proper T today to view.