1 965m² Development Opportunity – Two Adjoining GR2 Sites on Lilian Ngoyi Road
Positioned along Lilian Ngoyi Road in Durban, this rare development opportunity comprises two adjoining erven sold together, offering a combined 1 965m² of General Residential 2 (GR2) zoned land with prominent main-road frontage.
The properties are currently utilised for commercial purposes and provide an excellent combination of existing income-generating use, substantial landholding and future redevelopment potential. With continuous frontage onto one of Durban’s established arterial routes, the site offers excellent exposure and convenient access between the Berea, Durban CBD, Florida Road, Greyville and surrounding business nodes.
Property Details
* 274 Lilian Ngoyi Road: 1 183m²
* 278 Lilian Ngoyi Road: 782m²
* Combined land extent: 1 965m²
* Zoning: General Residential 2 (GR2)
* Tenure: Freehold
* Two adjoining erven sold together
* Main-road frontage
* Existing commercial use
* Large open yard and on-site parking
Development & Investment Opportunity
The combined site provides developers and investors with a substantial consolidated landholding in a well-established Durban location. The GR2 zoning provides a strong foundation for investigating residential development opportunities, subject to the necessary municipal approvals and development parameters.
For an owner-occupier, the prominent road frontage and existing commercial use provide an opportunity to operate from a highly visible position while considering future redevelopment. Investors can also secure a sizeable freehold site in a strategically located node with established surrounding infrastructure and amenities.
Location
Lilian Ngoyi Road provides direct connectivity towards Durban CBD, Berea, Greyville and the beachfront, while being conveniently positioned close to Florida Road and a wide range of retail, commercial and residential amenities.
This is a property with scale, visibility and redevelopment potential, making it particularly suited to developers, investors and businesses looking for a strategic long-term holding.
Contact Maurice De Jager at Legacy Real Estate Group for further information, zoning details, documentation and to arrange a viewing.
The properties are currently utilised for commercial purposes and provide an excellent combination of existing income-generating use, substantial landholding and future redevelopment potential. With continuous frontage onto one of Durban’s established arterial routes, the site offers excellent exposure and convenient access between the Berea, Durban CBD, Florida Road, Greyville and surrounding business nodes.
Property Details
* 274 Lilian Ngoyi Road: 1 183m²
* 278 Lilian Ngoyi Road: 782m²
* Combined land extent: 1 965m²
* Zoning: General Residential 2 (GR2)
* Tenure: Freehold
* Two adjoining erven sold together
* Main-road frontage
* Existing commercial use
* Large open yard and on-site parking
Development & Investment Opportunity
The combined site provides developers and investors with a substantial consolidated landholding in a well-established Durban location. The GR2 zoning provides a strong foundation for investigating residential development opportunities, subject to the necessary municipal approvals and development parameters.
For an owner-occupier, the prominent road frontage and existing commercial use provide an opportunity to operate from a highly visible position while considering future redevelopment. Investors can also secure a sizeable freehold site in a strategically located node with established surrounding infrastructure and amenities.
Location
Lilian Ngoyi Road provides direct connectivity towards Durban CBD, Berea, Greyville and the beachfront, while being conveniently positioned close to Florida Road and a wide range of retail, commercial and residential amenities.
This is a property with scale, visibility and redevelopment potential, making it particularly suited to developers, investors and businesses looking for a strategic long-term holding.
Contact Maurice De Jager at Legacy Real Estate Group for further information, zoning details, documentation and to arrange a viewing.
Features
Zoning
Sizes
Listing Info
Windermere, Durban
- Street view
Finance
Total Amount Repayable
R0,00
Monthly Repayment
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Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Legacy Real Estate Group website is accurate and up to date, Legacy Real Estate Group makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.