Ideal Investment with huge earning potential - 3 Erven for the price of 1 - Uvongo
The property is made up of 3 separate but adjoining erven which are situated in the Uvongo area. This is prime land for development with easy access to the highway and all amenities. The houses and flats currently provide a source of income.
The total size of the 3 Erven is 10, 917 hectares. The 1st erf is 2.2264 hectares in size and borders the Vungu River. The dwellings on this property include a 5-bedroom house, a 3-bedroom house and a 2-bedroom flat. The 2nd erf is 3.9962 hectares and has 10 x 2-bedroom flats, a 5-bedroom house, 2 workshops and stables. The 3rd erf also borders the Vungu river and is currently occupied by 8 park homes which bring in a site rental.
Uvongo is a seaside resort in the KwaZulu Natal South Coast at the mouth of the Vungu River. Uvongo is the largest upmarket residential area on the lower South Coast. The Vungu River has a waterfall that flows into a small gorge near the mouth. The town is named after the Vungu River, which is derived from the Zulu word that describes the sound of a waterfall or the wind in a gorge.
Uvongo is a bustling holiday town on the KwaZulu-Natal south coast. Real estate and property investors can choose from houses, villas, apartments, townhouses, cluster developments, security villages, retirement complexes, guesthouses and vacant land. Although is essentially a holiday town, it is occupied virtually year round. The town is located between the popular towns of Margate and Port Shepstone and is known...
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