Umhlanga Rocks - Property Ref: f108763

Property
Description

Property Description

The subject property comprises Portions 130 and 139 of Erf 2426 Umhlanga Rocks, two adjoining vacant erven positioned along Autumn Drive, to the north-east of the Gateway Shopping Centre in the Umhlanga Rocks node. 
Portion 130 has a rectangular shape; SG Diagram No. 372/2014 indicates a total extent of 5 505 m² and a potential bulk of 10 869 m², bordering Autumn Road to the north and Summer Way to the south. 

Portion 139 adjoins Portion 130 to the west and is also rectangular, SG Diagram No. 373/2014 indicates a total site extent of 4 320 m² and a potential bulk of 7 776 m². 

The combined site of approximately 9 825 m² falls within Special Zone 11: Umhlanga Ridge New Town Centre, which permits a Floor Area Ratio of 1.8 and a height of up to 160 m, and offers a development opportunity of approximately 310 units (Inclusionary Housing 19 units). Road access is in place and the development rights and approvals are in place.

Features

Vacant land

Land size: ± 5,505m² & 4,320m² = 9,825m²

Two adjoining erven: Portion 130 and Portion 139 of Erf 2426 Umhlanga Rocks

Zoning: Special Zone 11 – Umhlanga Ridge New Town Centre

Floor Area Ratio (FAR): Ptn 130 (1.97) & Ptn 139 (1.8)

Permissible height: Ptn 130 (160.83m) & Ptn 139 (161.88m)

Development potential: approximately 310 units (Inclusionary Housing 19 units)

Road access: Yes

Rights / approvals in place: Yes

Area Description

The Umhlanga Rocks node is located approximately 18 km from Durban Central and about 12 km from King Shaka International Airport. The subject erven are positioned along Autumn Drive, to the north-east of the Gateway Shopping Centre, with Gateway and various hotels and office buildings lying to the west. The immediate area has experienced strong growth, with several residential complexes currently under construction, while the broader surroundings consist mainly of middle- to upper-income single-residential developments. The site forms part of Special Zone 11: Umhlanga Ridge New Town Centre, which is intended to accommodate a diverse mix of recreational, tourism, residential, retail and commercial activities within a vibrant, cohesive and well-designed urban environment of high aesthetic and landscaping quality. According to the Development Framework, the area is projected to support a total development yield of 633 000 m² over a 20-year period.

Area Amenities

Gateway Theatre of Shopping – 0.8 km

Busamed Gateway Private Hospital – 0.3 km

Durban Central – 18 km

King Shaka International Airport – 12 km