Auction Number :

IWO 3416

Auction Type :

Online - Timed Auction

Registration Deposit :

R 50000

Site Address :

10 MONTEITH PLACE, DURBAN NORTH

25 Jun 2020

11:00 a.m.

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25 Jun 2020 / 11:00 a.m.

ONLINE LIVE ZOOM AUCTION

RESIDENTIAL PROPERTY

10 MONTEITH PLACE, DURBAN NORTH

The subject property is centrally located within the popular Durban North, in close proximity to Durban Virginia Airport, Lenmed eThekwini Hospital and Heart Centre, Greenwood Park Saps, Headway Pre-Primary School, Northway Primary School
Kensington Square, Kingston Boulevard, Arcadia Shopping Centre, Beaches and other local amenities with easy access to the M12 freeway.

Situated in prime upper Durban North with sea views, this 8762 m² site has town planning approval for 9 Sectional Title Freestanding Homes (Zoned Special Residential 900 m²), with relaxation permission, a 10th site would be possible.

Ground Floor:

Entrance Hall/ Reception Area
2 Kitchens with a Scullery
2 Lounges
Dining Area
Study
Guest Bathroom
Large Pool with an Entertainment Area

1st Floor:

5 Bedrooms (MES and a Dressing Room)
2 En-Suites
1 Large Bathroom

2nd Floor (Roof-Top):

Entertainment Room

Additional Features:

Studio Apartment
6 Garages with paved parking
Automatic Gates, Intercom and Security Gates
Garden
Spectacular Views of Durban City
180° Sea View

Vacant Land Description

Erf 1710, measuring 4 818 m² comprises of vacant land / yard area.
This opportunity offers a rare chance to develop an estate style complex in the area. The property as a whole would ideally accommodate approximately 10 luxury homes in an “Estate Style” complex.
The Property underlies AMAFA regulation.

Extent: (Erf 2181 – House) 3944 m²
Extent: (Erf 1710 – Vacant Stand) 4818 m²

Monthly Rates (Erf 2181): ± R 13 317.56 (Estimated)
Monthly Rates (Erf 1710): ± R 24 440.00 (Estimated)

 

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