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Perfectly suitable for the development of a retirement or holiday/residential estate! It is rare that an opportunity such as this presents itself to developers. This large stand on level ground, lends itself to the development of 30 to 50 units. It is located on high ground, which is not subject to flooding nor swamping. It is covered by coastal forest. Access is from a residential street and it is in close approximation of holiday resorts, shopping centres, golf course, different church congregations and of course, the beach. Pennington is a quiet but secure village, nestled to the warm Indian Ocean on the KZN Mid South Coast. Perfect year round weather and local activities that range from sunning yourself on the local beach, to enjoyment of the local fare in beach, garden, pub and refined dining ambience. There are enough golfing options to exhaust even the most enthusiastic players and unique local brewery to quench any thirst. Residents are spoilt for local rock, surf or deep sea fishing options. Several art groups meet regularly. Pennington has easy access, within 1 hours driving to anywhere in Durban and also to the lower South Coast and the Wild Coast Casino.
Purchase Price R 3 950 000
Type of PropertyLand
Land Size19347 m2
Last Updated07 Oct 2022
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