Property Details
EXCEPTIONAL DEVELOPMENT OPPORTUNITY IN ASSAGAY
±118,299m² (11.83ha) Mixed-Use Potential with Cut Platform, Dual Access & Strategic Growth Location
Asking Price: R20 Million (Negotiable Separately per ERF). Presenting a truly unique and substantial development prospect in the heart of Assagay.
A Parkland Property with Vision – Residential, Hospitality, Retirement, Business Park, or Education Campus. Set in the heart of Assagay’s emerging CBD, this rare dual-ERF property offers an exceptional opportunity for developers and investors to capitalise on a prime parkland setting, just minutes from Hillcrest, Westown, and the M13/N3 growth corridor.
Comprising two properties—with individual sale potential—this site flows beautifully from the Alverstone ridge down through a picturesque valley to the M13 highway. Already cut with a 20,000sqm development platform, it’s poised for immediate project rollout with services in place.
Property Overview
Total Area: ±118,299m² (11.83ha)
ERF 1: ±9.47ha – Access from Fraser Road, Assagay
ERF 2: ±2.35ha – Access from Alverstone Road
Zoning: Residential, with rezoning potential for higher-density or commercial development
Existing Infrastructure:
Tenanted 3-bedroom home (holding income)
Staff accommodation, stables, workshop & garages
Water, electricity, and a perennial stream
Timber plantation available for harvest
20,000m² cut-and-compacted development platform – ready to build
Development Possibilities:
This site offers outstanding flexibility for a wide range of high-yield, high-impact developments:
Residential
Envision 40+ garden homes or cluster-style housing
Densify to match successful nearby models like Augusta Estate
Develop a lifestyle or eco-village with trails, communal spaces, and green living
Tourism & Hospitality
Boutique lodge or glamping retreat leveraging the slope and stream
Wellness or health tourism centre connected to nearby Busamed Hospital
Event and wedding venue with panoramic views and natural serenity
Commercial & Mixed-Use
Rezoning possible for:
Business park with offices, co-working, wellness, or innovation hubs
Conference centre or hospitality campus (earmarked previously)
Private school or educational institute with boarding facilities
Retirement & Lifestyle
Retirement resort or assisted living development in peaceful, accessible location
On-site healthcare partnerships supported by Busamed Private Hospital proximity
Location Advantages
Central Assagay location with direct access to the M13 and N3 corridors
Bordering Alverstone, 7 minutes from Hillcrest CBD
Near Westown – a transformative urban development zone bringing massive regional uplift
Close to leading schools: Kearsney College, Highbury Prep, St Mary’s DSG
Adjacent to the Comrades Marathon route and Upper Highway’s popular eco-tourism trails
Surrounding estates and country lifestyle properties support premium price points
Investment Highlights
Situated in one of the Upper Highway's most desirable and fast-appreciating areas
Dual access from two key roads, offering flexible phasing and sectional development
Cut platform and services in place—significant cost and time saving for developers
Opportunity to combine residential, commercial, and hospitality components on a single, coherent master plan
Gently sloping land with natural features: stream, timber, mature trees, and scenic views
Flexible Sale Options
Combined Asking Price: R20 Million
ERFs can be sold separately by negotiation:
Ideal for smaller developers or phased investment
Allows tailoring to specific project focus (residential, lodge, wellness, education)
This is a once-in-a-generation land offering in a location destined for long-term success. Whether you’re a developer, hospitality investor, or institutional planner, this is the opportunity to shape a landmark project in KZN’s most promising growth corridor.
Contact us today to arrange a private viewing and explore the vision.
Strictly by appointment. Financial pre-qualification required.