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Estate likely to boost North Coast

03 Sep 2007

A multi-billion-rand equestrian development on the KwaZulu-Natal North Coast near Sheffield is likely to stimulate widespread investment in the area.

Launched on the 1 August 2007, the Seaton Delaval equestrian development – which seeks to offer and promote polo, show jumping, Olympic-standard dressage and polocrosse – embodies an upmarket 361 hectares equestrian residential estate with 938 stands.

Property prices are between R685k and R4m for plots ranging from 1,2 hectares to 1258sq m, while eight medium-density sectional title developments are also being incorporated.

The development has received financial backing from the Land Bank.

Pre-launch sales topped 33% in the premier Equestrian Estate and nearly 30 sites in total, emphasising the demand for prime investment opportunities along the North Coast.

Mike Gourlay, managing director of Amber Mountains, the estate's developer, said the market currently accommodated demand for golfing and eco-estates.

In having the facilities to host national and international events and polo games, the initiative was expected to generate further employment opportunities and skills development in the long-term.

Gourlay said the equestrian estate would include 50 free hold plots touching 10,000sq m to enable owners to graze horses within private paddocks outside their homes. The White Horses Estate incorporated average plots of 2600sq m with sea or inland views across 328 free hold sites, while the Polo Estate offered freehold plots averaging 1258sq m.

The development has earmarked 60% of the estate as open land fundamentally returned to indigenous coastal flora with wetlands and forests.

For more information contact 082 446 6710.

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Estate likely to boost North Coast

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