Among the top lots for the next live studio online auction by In2assets is sought-after mixed-use development land in the Sibaya Coastal Precinct, part of the latest development in the fast-growing Umhlanga region.
The site covers about 6 043m² and is part of Node 1 of the seven nodes in the precinct, which covers about 1 000 hectares in total.
The site is to be sold on July 22 at 11am. Luke Hearn, who is handling the auction for In2assets, says plans for a mixed-use development, spearheaded by a high-profile motor showroom, conference centre and a luxury apartment block, have already been drawn up and will form part of the lot to be sold.
“This prime property has prominent street frontage to the M4. The site’s high visibility inspired the selection of a ‘super car showroom’ as an integral part of the development design. Being so close to the major tourist attraction of the Sibaya Casino, Hotel and Conference Centre, once developed, the site we are auctioning could become an international drawcard among the sprawling precinct’s new developments.”
Hearn says the seven nodes of the Sibaya Coastal Precinct will all have distinctive characters, inspired by common development and architecture that complement the aesthetics and sustainability of the precinct.
“With both the N2 and M4 highways close by, the precinct is easily accessible to Umhlanga, which is only 4km away, King Shaka International Airport 7km away, and the Durban CBD, 23km south.
“There will undoubtedly be strong interest in this offering at our next auction.” For further information, phone Hearn at 071 351 8138 or email lukeh@in2assets. com or visit www.in2assets.com.