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Windermere Auction by In2assets Property Specialists

SAIA member In2assets Property Specialists Auction in KwaZulu-Natal

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WINDERMERE RESIDENTIAL PROPERTY
ON AUCTION - RE-DEVELOPMENT OPPORTUNITY  
 18 FEB 2020 AT 13:00 CAT  
COMPLETED
Description:

 This property is currently vacant and is zoned General Residential 2 which allows for development into a residential block of flats. The property comprises of a residential dwelling converted into office use consisting of open plan and individual offices, kitchenette, ablution facilities and store room. The property further comprises of a pool, an outbuilding and shaded cloth covered parking for approximately 7 motor vehicles and 4 open bays.


There are architectural designs available for the development of 10 upmarket apartments being 9 two- bedroom apartments and a penthouse apartment. The proposed development plans also account for 19 parking bays with common areas. Proposed apartments will range from 65m² for the two-bedroom apartments and 84m² for the penthouse.

The property is situated in Windermere, north of the suburb of Durban CBD. Windermere is positioned west of Umgeni Road and Stamford Hill Road which is regarded as Durban's sports hub. Many properties in the area have been upgraded and converted into office and residential premises. The property is positioned at the corner of Peace Avenue and Lillian Ngoyi (Windermere) Road which is one of the main roads that runs through the suburbs of Windermere. It is a built-up area, with numerous sectional title complexes and historic residential dwellings in the immediate vicinity as well as a number of commercial uses.

The neighbourhood is home to many businesses operating from converted dwellings. There is a substantial residential community that enjoys a close proximity to Florida, Stamfordhill as well as to Lillian Ngoyi Road's cosmopolitan atmosphere. It is considered an upmarket suburb. It is a sought-after location for mixed use activities. Various restaurants and cafes are within walking distance, including the Windermere Shopping Centre. Small commercial nodes are established at major intersections which are mostly geared towards retail accommodation, offices and restaurants.

As mentioned above the property fronts onto Lillian Ngoyi Road, and is easily accessed via many of the main arterial roads from the greater Berea, Sydenham and Umgeni region. The property enjoys easy access to the Central Business District of Durban. Musgrave Centre and Clifton Preparatory School are nearby.

Features:
  IN2ASSETS PROPERTY SPECIALISTS
Address   316 Lillian Ngoyi, Windermere, KwaZulu-Natal
Telephone Cell   Virend Deonarain    0315747600 (T)     0713831735 (C)
Email   vdeonarain@in2assets.com
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FEATURED AUCTIONS No 32 of 46 < PREV NEXT >
CAPE TOWN RETAIL VEHICLES
  
Live Auction Starts: 04 MAR 2020 AT 10:30 CAT  
 
WH AUCTIONS CAPE TOWN | WESBANK EXCLUSIVE AUCTION
WH Auctions Cape Town | WesBank Exclusive Auction.
Address   17 Dacres Avenue, Epping, Cape Town, Western Cape
Telephone Cell   Graeme Grobbelaar +2721 204 0599 | +2784 200 6272
Martin Dibowitz +2783 264 1646
Email   graemeg@whauctions.com | martind@whauctions.com
         
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