Luxury Umhlanga Rocks flat goes to auction with R576 000 municipal debt
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On 2 November, ABSA’s Sale in Execution division listed a luxury flat in Umhlanga Rocks.
The flat in a mixed-use development on the coveted Lagoon Drive goes to auction in February 2027, where it will sell if it reaches its R4.1 million reserve.
Owner owes more than R500 000 in municipal rates
The other half appear to be struggling as more luxury listings hit the market, and not in the way a homeowner wants.
ABSA’s Sale in Execution division’s most recent listing is
The flat in a mixed-use development on the coveted Lagoon Drive goes to auction in February 2027, where it will sell if it reaches its R4.1 million reserve.
Owner owes more than R500 000 in municipal rates
The other half appear to be struggling as more luxury listings hit the market, and not in the way a homeowner wants.
ABSA’s Sale in Execution division’s most recent listing is
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