The KZN region continues to enjoy a sustained high demand for a broad cross-section of homes in the sought-after region extending to the north of Durban. Furthermore, the recent announcement that Dube TradePort has gained IDZ status (Industrial Development Zone) augurs well for the region, as it carries a range of benefits for enterprises located within the zone and is also positive for the promotion of foreign and local direct investment into South Africa.
The property market on the KZN north coast is set to receive a major shot in the arm over the next few years courtesy of the Dube Trade Port and King Shaka International Airport at La Mercy, situated between Ballito and Umhlanga Rocks.
It is estimated that these projects will create in excess of 269 000 jobs over the next 25 years and the spin-offs are already being felt in surrounding areas with increased demand for goods, services and accommodation for workers driving property prices up.
The property is 5286 square meter land is ideal for a housing development. The property is zoned for six storey apartments. The property is near the CBD of Tongaat and 8.1km from the airport.
Tongaat is a sugar-producing town with a quintessentially English colonial flavour that lies on the banks of the Tongati River, about 37 kilometres north of Durban. Highlights of Tongaat include the Crocodile Breeding Centre Crocodile Creek at the beach, where one can get a birds eye view of these amazing reptiles, and the magnificent parks and gardens of Amanzimnyama, as you enter Tongaat, provide a wonderful days outing for family and friends.
The Dudley Pringle Dam is a hive of activity over weekends as families head out to picnic and revel in water sports; and a visit to the Maidstone Sugar Mill is a must, particularly as the mill still uses original sugar-crushing methods, and received a bronze award for its waste management from the Institute of Waste Management of Southern Africa.