Estate Living in Ballito - Liquidated development land offers great opportunity
Estate Living in Ballito - Liquidated Development Land Offers Great Opportunity
The concept of estate living has been perfected on the KZN North Coast, especially in the Ballito area. With the most famous and prestigious estate being Zimbali, the standards have been set high and the quality and choice is extensive. The selection of locations and what is on offer vary widely and so does the cost. A 100sqm apartment opens the door to estate living in the Ballito area with prices ranging from R4.8 million in Zimbali down to R1.3 million in Mount Richmore. There is an increasing demand for residential accommodation in lifestyle estates in the Ballito, both from KZN residents, second home owners and business men and women - especially since the King Shaka International Airport has rendered Joburg a weekly commute.
From the developer’s perspective, the more prime the location the higher the land cost and hence the higher the selling prices. South Africans are currently heading towards increasingly difficult economic times with interest rates rising and the Rand weakening. So, it would make sense to increase the stock of estate living options at the most affordable end of the market. This strategy may not yield the highest margins for the developer, but it would certainly guarantee a steady sales income and turnover. There are few sites where the zoned land price is well below the R2000 per bulk sqm. However, one such development opportunity has presented itself in the heart of Ballito.
Directly adjacent to the existing Seaward Estate and Ashton College is a 10 316sqm site in liquidation that will go on auction on the 6th of October 2015 at the Durban Country Club. Accessed directly off the M4 this prime site offers sea views over the valley below and is zoned to permit the development of either a 6 storey residential apartment building or a hotel.
Contact Deal Core to find out more information on 031 266 7750 or go to www.dealcore.co.za