11.8 ha Farm in Assagay

This beautiful property consists of two ERFs selling as one, extending over approximately 118,299sqm of beautiful, developable land situated in an upmarket suburb, within close proximity to both the M13 and the N3, as well as the Hillcrest Private Hospital and fantastic private schools the perfect combination for an upmarket development.

The property is located in Assagay and also borders Alverstone, which is just west of Hillcrest. It is located adjacent to the M13 National Road (King Cetshwayo Highway) and slightly north of the N3 Freeway. The M13 extends east to the Durban Central Business District and West to Pietermaritzburg Central Business District. The property is situated approximately 7 minutes from the Hillcrest Business District.

The surrounding neighbourhood comprises upmarket houses, small holdings and stud farms. The nearby area includes Kearsney College, Kloof Country Club, Hillcrest Hospital and Hillcrest Shopping Malls. Access to the property is off Fraser Road as well as Alverstone Road. Alverstone Road links to Kassier Road which extends south over the N3 into the surrounding farm lands, whilst it extends north over the M13 to connect to Old Main Road. Old Main Road runs through the centre of Hillcrest where all modern amenities are located.

The gently sloping property offers some incredible views. This property is situated in a high demand area. Most of the neighbouring properties are small holdings offering a country living experience which includes stud farms, or specialised breeding stock. The area is known for coffee, litchi and mango orchards which is supported by the slightly cooler climate.

The property enjoys a constant water supply from a small stream that flows through the property and there are several fruit and nut trees on the property as well as bee hives. The land slopes from Fraser Road, then becomes gentle towards the middle crossing the stream, and then slopes again from Alverstone Road.

The main house on the property consists of a three-bedroom house, two bathrooms, open plan lounge and dining room, kitchen, scullery. Other improvements include staff accommodation, a workshop and double garage with store rooms. The house is currently tenanted. There are several other outbuildings and stables. Buildings are in need of TLC.

The property is situated not far from Hillcrest, between Durban and Pietermaritzburg, within close proximity to Keystone Park as well as the new Westown Development, with quick and easy access to the N3 making it an ideal purchase to expand offerings for accommodation.

Do not miss this great investment opportunity to acquire some prime Real Estate in within a rapidly expanding economic hub. Contact us to arrange a private viewing. Please note that pre-screening and financial qualification of potential buyers is a requirement prior to viewing this property.