Property features

R 10 000 000

Property Details

COMMERCIAL PROPERTY IN
THE HEART OF MTUBATUBA

This is a once in a lifetime investment opportunity!

Situated on the main entrance into Mtubatuba, visibility is not an issue for this property which is well
placed within the commercial hub of the town. Located between the newly
developed Mtuba Mall and Pick ‘n Pay Centre, it is in close proximity to
various shopping centres of the Mtuba CBD.

The Mtubatuba Municipality is strategically located along the N2 and has direct links to other areas such
as Richards Bay, Empangeni, eThekwini Metropolitan area, Mpumalanga Province
and SADC countries such as Swaziland and Mozambique. Mtubatuba is servicing the
rapidly growing commercial, industrial and housing needs of this region,
resulting in properties being in high demand.

This property ofapproximately 1.4ha comprises of 12 individual registered lots, and
improvements are as follows:

· The Mtubatuba Boutique Bed and Breakfast Lodge, situated on 7 000m² and has been in operation for the last 33 years

· The remaining adjacent 7 000m² is vacant land

The property owner has initiated an environmental status quo report to have the property and proposed
site rezoned from urban agricultural land to light commercial/mixed use and this
Environment Screening Report is available to interesting parties.

An investigative enquiry by
the Seller has indicated that this prime site has the potential to be developed
into the following:

· The existing guesthouse could be upgraded to a hotel with conference/functions
facilities

· Business complexes

· Apartment complexes

· Healthcare/Medical Centre facilities

· Informal trading

· Entertainment/Education/Religion/Public
Institution Developments

Full detail of this unique property
is available if required, so whatever you do, don’t miss this exceptional opportunity!

IMPROVEMENTS CONSIST OF
THE FOLLOWING:

Six rental cottages and a
four-bedroom house and comprises of:

· 2x large garden suites

· 1x luxury suite