PRIME DEVELOPMENT OPPORTUNITY FOR EQUESTRIAN ESTATE ON KZN NORTH COAST

A prime opportunity has presented itself on the KwaZulu-Natal north coast, where 350 hectares of development land has become available for purchase through Pam Golding Commercial Auctions, a member of the Pam Golding Property group.

'Situated just north of Ballito this fully surveyed and approved development scheme - known as Sheffield Manor - offers buyers a sound investment potential. A key advantage of its location is the approval of plans to go ahead with the new International King Shaka Airport at La Mercy, which will provide a tremendous boost for tourism and residential living on the north coast," says Geoff Stroebel, business development manager for Pam Golding Commercial.

The approved development is that of an upmarket residential equestrian estate - rather than the traditional golfing estate that has become evident in various regions around South Africa.  The developed estate would offer high appeal for those seeking a tranquil, country ambience in a secure environment.  Instead of rolling fairways, picture the green hills and valleys carefully interspersed with horse trails and paths, and spacious, luxury homes providing owners with room to breathe in the sea air and take in the spectacular views - while maintaining the highest level of security," says Stroebel.

The estate comprises 949 erven in total, ranging from 1000sqm 'Country Club' townhouse properties to five-hectare 'Gentleman's Estate' properties providing ample room for stabling, paddocks and lunge rings. The 350 "Beach 1, 2 and 3" residential sites, with panoramic views of the deep blue Indian Ocean, are approximately 2300sqm in size. There are also plans to incorporate a boutique hotel as well as a beach club. Two polo fields, together with a clubhouse with world class facilities and the highest standard of stabling will form the nucleus of the estate, and so together with Inanda in Gauteng, and Kurland in Plettenberg Bay, Sheffield will complete the international polo scene in South Africa.

Based upon the high demand for quality residential property in the area as well as the ongoing success of the Zimbali development close by, the concept of Sheffield Manor was initiated late in 2003 and it has taken two years to diligently complete the required process in order to gain the full approval of the KZN Development Facilitation Act, as well as receive the authority to commence from the KwaDakuza Municipality. Each and every facet of the proposal has been fully researched and finalised.  This includes full approval from Ezemvelo KZN Wildlife and the Department of Agriculture & Environmental Affairs, as well as the granting of permission by SANRAL (SA National Roads Authority) for the construction of a new interchange to be built at the site of the existing bridge over the N2 on the north-western sector of the township, in order to facilitate access to the estate.

This premier development opportunity, comprising the land and the fully approved development scheme, will be sold to the highest bidder by public auction in mid-February 2006 by Pam Golding Commercial Auctions Division, unless a prior acceptable offer is received. Full specifications, approval documentation and a CD presentation of the proposal and site will be made available to qualified parties from the Pam Golding Commercial offices.  For further information contact PGC's Paddy Smuts on 082 415 7730 or Geoff Stroebel on 083 460 1281.