For Sale - Development Opportunity

POA

Morningside, Durban Metropolis, Kwazulu Natal

Property Information

CODE : PP6064
Asking Price : POA
Ownership : Freehold
Land Size : 942m²
Parking : Yes


Description

Residential property for sale in Morningside - Development Opportunity

The subject property has been Rezoned as Intermediate Residential in terms of the desensification policy under the Urban Core Plan. Ten residential units are allowed on the site, being 113 square metres for each unit on average, this excludes the existing huge basement for parking. The allowable height is four storeys excluding the basement. There is ample room for parking.

The property measures 942 square metres in extent with the following key features:
Bulk/FAR 1.2 and;
Coverage 50%.

The following is excluded from the Bulk allowed :
1.uncovered balconies and verandahs ; and
2 uncovered corridors; and

It is also ideal for “learner” (school pupils and students) accommodation too.


This property is a corner site and close to Florida Road Precinct, Shopping Centres, Leading Schools, various other learner centers such as the University of Technology and Howard College Campus, major transport routes and Restaurants.

Contact Yianni for more information.

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Contact the Agent

Yianni Pavlou » ++27 82 494 4555
[email protected]

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Please Note Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.

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