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R1,800,000

8 Harcombe Road

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Monthly Rates
R1,230 Excl. VAT

Incomplete development of 17 units (2 bed / 1 bed / studio)

This property is an incomplete build with 17 units in total plus 21 garages in four Blocks and some open parking bays.
There is a current quote of R8.55M to complete the build. Plans have lapsed at council because construction was halted during Covid and has not restarted. Plans must be re-submitted.

Buildings (The site is zoned General Residential 1 - plans and zoning certificate attached to this ad)
- There is a small existing double storey building with one, 1 bed / 1 bath of 28 sq m per floor (Two in total). Needs renovation to match the standard of the new build
- Plans are approved for three Blocks of 2 X 200 sq floor area each comprising four 2 bed / 1 bath units plus a studio unit at the end. (Total 15 units)
- Under two of the three Blocks are 7 garages

** One block has the basic structure up - floors and walls only, the other two have not been started. The quote of R.855M to complete the build was done in Oct 2022 by JRC Projects and Developments.

The total of 17 planned units is made up as follows:
- 12 x 2 bed / 1 bath units of approximately 56 sq m plus small balcony
- 3 x studio units of approximately 24 sq m
- 2 x 1 bed / 1 bath units of approximately 29 sq m

Baggie's Beach is less than a 5 minute drive and is within walking distance. Warner Beach Schools are right there. Warner Beach shopping strip and the N2 at Seadoone Road are nearby.

Amanzimtoti is a coastal town just south of Durban, KwaZulu-Natal, South Africa. According to local legend, when the Zulu King, Shaka, led his army down the South Coast on a raid against the Pondos in 1828, he rested on the banks of a river. When drinking the water, he exclaimed “Kanti amanzi mtoti” (isiZulu: “So, the water is sweet”). The river came to be known as Amanzimtoti (“Sweet Waters”). The Zulu word for “sweet” is actually mnandi, but, as Shaka’s mother had the name Nandi, he invented the word to replace mnandi out of respect not to wear out her name. Locals frequently refer to the town as “Toti”

The town is well known for its warm climate and numerous beaches, and is a popular tourist destination, particularly with surfers and the annual sardine run attracts many to the beaches.

Features

14
0
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
1,200m²
Land Size
2,559m²
Parking Bays
Basement Parking Bays
14

Downloads

Zoning Gen Res 1.pdf0 bytes
ZC 8 HARCOMBE ROAD KINGSBURGH.pdf0 bytes

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Vat @ 15%
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Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
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Monthly Payment

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