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Once-In-A-Lifetime Development Opportunity: uMhlanga Vacant Land
LocationSummaryuMhlanga Ridge Development Sites – Portions 38, 130 & 139
uMhlanga Ridge Development Sites – Portions 45 & 153
SituationUmhlanga Rocks is situated approximately 18km from the Durban CBD and approximately 12km from the King Shaka International Airport. The ‘old’ centre of Umhlanga was situated along Chartwell Drive off Lighthouse Road. It comprises of a mix of residential accommodation with street front shopping and some offices. The subject properties are situated in the Umhlanga Ridge New Town Centre east of Gateway Shopping Centre. The Umhlanga Ridge zone is considered one of South Africa’s fastestgrowing urban nodes and is arguably one of KZN’s prized live-work-play regions and is driving the definition of dynamic urbanism. With an array of amenities within a 5-minute radius, this vibrant area has created an exciting melting pot of residential, commercial, retail, medical, educational and leisure elements, offering a multitude of shopping, culinary and entertainment options. Umhlanga Ridge Town Centre will soon have access to the Bus Rapid Transport (BRT) system that will connect the area with others. It also has easy access to the M41, N2 and M4 routes and is merely 10-minutes to King Shaka International Airport. The link road from Umhlanga Ridge to Cornubia is operational. It is in close proximity to Gateway Theatre of Shopping, La Lucia Mall, The Crescent Shopping Centre, Netcare Umhlanga Private Hospital, Busamed Gateway Private Hospital, as well as The Medstone and Medigate medical centres. Umhlanga Ridge benefits from having the non-profit organisation, The Umhlanga Ridge Town Centre Management Association, established by Tongaat Hulett Developments, actively managing the security for the area, as well as ensuring that Umhlanga Ridge Town Centre remains clean and neatly landscaped. Going for that morning run, walking to the shop, popping off to work and enjoying time outdoors is made effortless within this flourishing contemporary node. DescriptionIf bought as a bulk transaction – Portions 153,45,38,139 and 130 – the site will become arguably the largest in this node. The total site measures 25 737m² with bulk of 38 538m² to build a total of 646 apartments and 39 Inclusionary Housing Units. This scale would make this site perfect for a retirement development or similar. Please note that the owner of the property must become a member of the Parkside Umhlanga Ridge Management Association. Please view their website for various controls applicable to development in the node (http://www.purma.co.za)
uMhlanga Ridge Development Sites – Portions 38, 130 & 139 The properties comprise Portions 130 and 139, the sites for development, and Portion 38, zoned for Private Open Space, which can be rezoned, or used for a clubhouse, or left as a park. If these properties are purchased with Portions 153 and 45, the developer would have a strong argument to rezone Portion 45 and 38 and not to build the road, allowing for a much larger site to develop a total of approx. 40 000m² of bulk. Portions 139 and 130 measure 4320m² and 5505m² respectively, totalling 9 825m² and are zoned Residential with Mixed Use with 18 645m² of bulk across both sites, allowing for the development of a maximum of 313 residential units and 19 Inclusionary Housing Units. Portion 139 of Erf 1426 Umhlanga Rocks abuts Portion 45, the proposed road and is located adjoining Portion 130 to the west. It has a rectangular shape with the northern boundary measuring 40m and the eastern boundary 105m. Portion 130 of Erf 1426 Umhlanga Rocks has a rectangular shape. The northern boundary on Autumn Drive measures 39m and the eastern boundary measures 144m. It is bordered by Summer Way Lane to the south. Portion 139 and 130 are opposite Summer Park a seven-storey block of apartments. Portion 38 of Erf 1426 Umhlanga Rocks is located along Autumn Drive. It has a rectangular shape with the northern boundary on Autumn Drive measuring 65m and the eastern and western boundaries measuring 21m. it is currently zoned Private Open Space.
uMhlanga Ridge Development Sites – Portions 45 & 153 The property consists of Portion 153, the site for development, and Portion 45, a road, which is to be built by the developer of Ptn 153. Portion 153 is situated between Autumn Drive and Summer Way Lane, adjacent to the new Ridge Town Central residential development. Portion 153 measures 10 728m² and is zoned Residential with Mixed Use with 19 893m² of bulk, allowing for the development of a maximum of 333 residential units and 20 Inclusionary Housing Units. The property has an irregular shape, bordering on Autumn Drive to the North and Summer Way to the South. The southern boundary measures 84m and the eastern boundary 140m. Portion 45 has a “T” shape and is zoned to be used as a road and will be known as The High Street. It measures 3 798m² and will provide access from Autumn Drive on to Summer Way. The High Street will then connect Autumn Drive to Park Drive. The sellers estimated the cost of the road to be R10,7 million in early 2021. The sellers are also selling Portions 139 and 130 measuring 4320m² and 5505m² respectively, totalling 9 825m² and are zoned Residential with Mixed Use with 18 645m² of bulk across both sites, allowing for the development of a maximum of 313 residential units and 19 Inclusionary Housing Units. Contacts
See website for full details : https://www.cbre-x.online
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