For Sale - Coastal Resort with Gaming Licence on 4.5 acres of prime real estate - 1 block from the beach! (Can build 80 units!!!)  (Owners Retiring)

KZN South Coast

Huge future development potential:

13044sqm Zoned General Residential 1 (Now- \"Community Residential Zone 2\")

-       50% coverage

-       50% FAR

-       Maximum height ... 4 Storeys

-       Very popular residential area

3770sqm zoned Commercial (Now - \"Medium Impact Mixed Use Zone 1\")

-       100% FAR (50% if res. comp)

-       Max Height 3 Storeys

-       Coverage 80%

Features include:

-       180 degree sea views

-       Short walk to main swimming beach

-       2 Houses

-       One cottage

-       21 hotel rooms

-       Restaurant

-       Two bars

-       Gaming Licence for 5 machines

-       Air conditioned conference facility

-       Excellent year round occupancy 

-       Rental income from commercial off sales and cell phone mast 

-       Stunning trees and gardens

-       Numerous outbuildings (Garages, staff accommodation etc.)

For an appointment to view this fine property, please contact Warren on 0828223684.