Prime Redevelopment Site in Windermere On Auction: 173 Lambert Road, Windermere, Durban

House On Auction, 650m² @ POA

Prime Redevelopment Site in Windermere On Auction: 173 Lambert Road, Windermere, Durban

Prime Redevelopment Site in Windermere

Live Auction: 12 February 2026!

This property comprises a ±2,048m² site with existing residential structures, located in the highly sought-after suburb of Windermere. The current buildings, though functional, offer significant potential for redevelopment, presenting an exceptional opportunity for high-density residential development or mixed-use investment. The site benefits from a prime location, with easy access to major roads and amenities, making it ideal for developers or investors looking for long-term value.

With zoning for Medium Density Housing and ±650m² of existing residential GLA, the property offers the opportunity to reposition and redevelop in line with modern market demand. The site is located in an area already undergoing redevelopment, with neighboring properties transforming into modern residential schemes.

Key Features:

• ±2,048m² site with existing residential structures

• Zoned Medium Density Housing

• ±650m² existing residential GLA

• Ideal for high-density residential redevelopment or mixed-use investment

• Excellent accessibility and exposure in Windermere

• Close to schools, shopping centres, and major transport routes

• Low-maintenance, income-producing asset with potential for future growth

• Monthly Rates: ±R4,625

• VAT Registered: No

Located in the established suburb of Windermere, the property benefits from excellent visibility and accessibility along major routes, offering a strategic location for redevelopment.

Auction Terms and Buyer Info:

• Buyer Costs: 16.5% payable on auction day (10% commission + VAT on commission + 5% deposit towards purchase price)

• Registration Fee: R50,000 (live/venue bidders) | R100,000 (telephonic/online bidders)

All bids constitute a legally binding offer, and the highest bidder is required to sign the Auction Sale Agreement immediately upon the fall of the hammer; failure or refusal to sign constitutes a breach and results in forfeiture of the registration deposit. The sale is subject to a reserve price unless otherwise stated. The property is sold voetstoots, as-is with no warranties or guarantees, and all bidders must provide valid FICA documentation prior to registration.