This prime site within the high-value and high-demand Mixed-Use Zimbali Lakes Boulevard Development provides for a commercial opportunity for developers and end-users. The gross site size of 2,090 sqm provides for a gross lettable development area of 941 sqm within a footprint area of 1,135 sqm. The Zimbali Lakes Boulevard development consists of 15 sites ranging in size from 2,090 sqm to 12,050 sqm with a gross lettable area range of 941 sqm to 5,423 sqm per site. The design and master development ethos has envisioned a mix of Retail, Office and Residential spaces with the focus on being pedestrian-friendly where people can live, work, play and shop in one space.
VAT at 15% is payable on the purchase price - No Transfer Duty Payable.
The municipal zoning of The Boulevard is referred to as Mixed Use Light Impact (MULI 1) and in terms of the Kwadukuza Local Municipality Scheme is subject to the following controls:
FAR (Floor Area Ratio) of 0,45
Coverage: 40%
Height: 3 Storeys
Front Setback Line: 7,5m
Side Setback Line: 3m
No residential is permitted on the ground floor
Rear Setback Line: 3m