Vacant Land / Plot for Sale in Point Waterfront

This amazing, mixed-use corner site, is certainly one of the very best undeveloped sites in the entire Point Waterfront Precinct, with numerous development opportunities available to any developer!!!! This unique, corner harbour entrance property, offers something un-paralleled to developers, with its’ harbour entrance promenade and "on the water" location, at the very entrance to the busiest port in Africa!!! Located at the Harbour Entrance channel in Precinct 4, which offers dramatic and spectacular views of large ships moving in and out of the harbour and prospers from its link to the beachfront promenade. This prime property, right on the waters’ edge at the entrance to the Durban harbour, is the only privately owned front line property and it is for sale. All other development properties on the waters’ edge and beachfront, are owned by the Durban Point Development Company (DPDC). The positioning of this prime harbour entrance development site, right on the water's edge, offers developers an opportunity to develop a magnificent high rise mixed use development, which could comprise prime, high demand ground floor retail space for restaurants and tourism, AAA grade offices overlooking the ships as they enter and exit the port and luxurious residential apartments, complete with penthouses, which could include landscaped gardens and pool areas, offering unsurpassed views of the harbour entrance, the harbour itself, the famous Bluff headland and the ocean. This valuable mixed use site also offers developers an opportunity to develop an international branded hotel, which would be located right next the international Nelson Mandela Cruise Line Terminal.. Contact Craig now to view the property and to discuss the various options further. SITE & DEVELOPMENT DETAILS Site Footprint : +/- 3,500 m2 Site Bulk : 10,600 m2 FAR : 3,03 Max Height : 35 meters (+/- 12 storeys) NB. Site next door has an approved height allowance of 18 floors, so an increase in height for this site could be applied for, if required and additional bulk could also be purchased from the DPDC. Bulk Rate / m2 : R4,245 (plus vat) SELLING PRICE : R45 million (plus VAT) (price negotiable)