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Auction Date: 25/09/2019     Start: 11:00     Residential Property

La Lucia, Kwazulu Natal - Liquidation Property Auction

La Lucia, Kwazulu Natal - Liquidation Property Auction La Lucia, Kwazulu Natal - Liquidation Property Auction

La Lucia, Kwazulu Natal - Liquidation Property Auction

Property Address 1 Ilala Drive, La Lucia, Kwazulu Natal

Title Deed Information
Title Deed Number T64634/2006
Title Deed Description Ptn 2, Erf 2828 La Lucia, Ethekwini, Kwazulu Natal
Municipal Value R 30 000 000.00

Extent 5.4772 ha

Locality

The subject property is centrally located within La Lucia, in close proximity to Durban
Virginia Airport, MediCross Umhlanga, Mount Edgecombe Hospital, Police Stations,
Schools, Shopping Malls, and other local amenities, with easy access to the N2, M14, M41
& M4 freeways.


Condition
The subject property is a vacant residential stand.
Please note that we have not undertaken a structural survey nor have we arranged for tests
of inspections of the service installations.

Property Description

The Subject Property Is The Last Remaining Residential Development Site – 5.4772 Ha In
Extent.
The erf is of highly unusual profile being near “L” shaped with both legs relatively long
and narrow. The horizontal leg (running north to south) has a road frontage to
Umhlanga Rocks Drive, from which it slopes at a steep gradient down to Timavo Drive
and Victory Christian College that lie on the subject’s eastern boundary.

The subject property has a second much shorter road frontage to llala Drive that leads
off Umhlanga Rocks Drive, to the gated estate of Ifala Ridge. This creates a corner site
for a small portion of the subject property at the north-western sector of this erf.

The subject property sits on two elevated sectors with each leg of this “L” shaped erf
enjoying extensive sea horizon views plus an outlook of the modem La Lucia Office
Estate to the north, lower La Lucia residential suburb together with the Crawford
College and Victory Christian Academy grounds to the south-east periphery. 180° Sea
Views – Bordered By Umhlanga Rocks Drive, The Gardens & Tim Avo & Ilala Drives

Please refer to the Zoning Certificate and S.G Diagram appended.

Expenses
Monthly Rates: R 133 743.62 (Estimated)
Value Added TAX
Seller is not a VAT vendor. Transfer duty applies.
Lease/ Occupancy
No Lease, Vacant Residential Stand.

Auctioneer Details

Ian Wyles Logo
Ian Wyles
The Durban Country Club, 101 Isaiah Ntshangase Road, Durban

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