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R 15 000 000

Commercial Property for Sale in Shelly Beach

494 Old Izotcha Road, Shelly Beach, Margate

15 489 m²
- m²: 15 489 m²
- Hectares: 1.549 ha
- Acres: 3.827 acres

Contact Broker

Alet Smit

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Developement land available opposite South Coast Mall

This commercial land, situated in the highly desirable suburb of Shelly Beach, Kwazulu Natal, South Africa, holds a prime position. It stands within the fastest-growing commercial hub along the coastal strip of the lower South Coast. This area, often referred to as the paradise of the Lower South Coast, is a significant tourist attraction both domestically and internationally. The property boasts excellent visibility from the freeway and the South Coast Mall, and its convenient access from the highway establishes it as an exceptional location.

The local Municipal area is witnessing rapid progress in the construction sector. The forthcoming 5-year development plan encompasses several initiatives, including the upgrade of Margate airport, enhancements to internal infrastructure such as an innovation center, a multi-story parking facility, a small craft harbor, the...

Furthermore, improvements are scheduled for urban roads, stormwater rehabilitation, pothole repairs, electricity infrastructure, and the development of the St. Michaels to Margate promenade. Notably, the Department of Transport is currently engaged in the N2 freeway Wild Coast Project in the Eastern Cape and the Lower South Coast. This endeavor is anticipated to significantly enhance the value of this property.

The land's approved usage includes a variety of options such as bed and breakfast establishments, commercial workshops, guest lodges, hotels, laundrettes, parking garages, professional offices, residential buildings, restaurants, self-catering units, and shops.

Subject to special consent, the property could accommodate activities like backpacker accommodations, creches, educational buildings, places of public amusement, assembly areas, places of worship, private recreational spaces, service industrial structures, service stations, storage warehouses, wholesale warehouses, health and beauty spas, or taverns.

The price is inclusive of VAT.

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Property Overview

Listing Number

113331546

Type of Property

Commercial Property

Street Address

494 Old Izotcha Road, Shelly Beach

Listing Date

16 September 2023

Erf Size

15 489 m²

Rates and Taxes

R 813

Building

Facing

Sea

Points of Interest

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