Empangeni Vacant Land for sale / to buy

Vacant Erf With Much More!
Empangeni, KwaZulu-Natal, South Africa

Price: R580,000

Vacant erf which has been subdivided into 2 properties. The front portion already has plans approved and the water has been connected & a foundation has been laid. The ohter section can also be subdivided into 2 erfs.

Empangeni & Richard Bay Background Information :

Property Information :

Empangeni and Richards Bay is experiencing a severe shortage of residential, commercial and industrial stands and there appears little prospect of the local authority being able to meet demand in the near future.

The continual expansion of industries around the deep water port and rise in demand for homes has exceeded the capacity of the local authority and that while plentiful land is available, it has not been zoned or serviced.

Current major developments include a new R350-million shopping centre of 30 000 sqm being developed in the Richards Bay CBD with Game as the anchor tenant. Meanwhile, the Super Spar Centre is being extended and a final announcement on the planned R700-million Tata Steels ferrochrome smelter is expected soon. New capacity for residential development is being planned by the municipality, this will only come on stream once infrastructure is in place and is not expected for about two to three years.

The road link between Richards Bay and Empangeni, for example, is presently under construction and the upgrade will only be completed in three years' time.

There has been a new wave of sectional title developments in Richards Bay.

Property Facilities

Empangeni property

◊ Bedrooms: 0◊ Bathrooms: 0

Contact Details

Empangeni property

Benhard Wiese
Tel: 084 611 2293

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Benhard Wiese

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Cape Coastal Homes

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Property Number: 1104362

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