Prime Investment Opportunity! Illovo Country Estate - KZN

PROPERTY ADDRESS: ILLOVO COUNTRY ESTATE, 67 PEARCE ROAD, LOWER ILLOVO, KWAZULU-NATAL

Auctioneer's Note:

240-unit residential complex offering outstanding potential for investors and developers!

Located in the expanding Lowe Illovo area, this property presents an opportunity to unlock significant rental income and future capital growth.

Total Extent: ± 5,2136 ha

Gross Potential Minimum Rental Income: ± R21,528,000-00 p/a (Vat Incl.)

Improvements: 

Guard house (at main gate) 

Solar panel plant 

Clubhouse containing restaurant/conference facility/laundry

Jungle gym 

Main pool & kiddies pool 

Tennis courts x2

398 parking bays 

240 Units (±63m² - ±76m²)

Each unit consist of: 

• Open plan kitchen with lounge
• 2 bedrooms 
• 1 bathroom 
• Small covered balcony