Sibaya Property Durban, 1-BED UNIT IN SS CORAL POINT

Register & Bid With Our Mobile App 24th June 2026 From 11h00

Bidding Opens: 24th June 2026 @ 11h00
Bidding Closes: From 11h00, 25th June 2026

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Peter Maskell Auctioneers - Timed Online Liquidation Auction Of A Modern 1-Bedroom Unit Situated Within A Master-Planned Lifestyle Precinct: SS Coral Point, Sibaya Coastal Precinct, Kzn North Coast

Duly instructed by the duly appointed liquidators in the matter of Redfair Investments (Pty) Limited (In Liquidation) Master’s Reference No. N000037/2025

SIBAYA LIFESTYLE PROPERTY - BID TO OWN

Section number 2 SS Coral Point, Sectional Scheme no. 247/2019 situated at Portion 9 of Erf 3 Sibaya located in the eThekwini Municipality, Province of KwaZulu-Natal in extent of 59qm and known as Door number W002 Coral Point, 18 Heleza Boulevard, Sibaya Coastal Precinct, Tongaat Beach, Kwazulu-Natal.

The property is a sectional title unit located in Coral Point which is a modern, resort-style residential development situated within the Sibaya Coastal Precinct on the KwaZulu-Natal North Coast.

The unit is located on the lower ground floor of the complex and comprises a one-bedroom flat. The accommodation includes a small open-plan lounge, dining, and kitchen area with access onto a veranda overlooking the garden, offering distant, uninterrupted sea views. The unit has one allocated parking bay and enjoys access to the complex clubhouse, gym, and pool facilities. The unit is in good condition.

Lifestyle & Estate Features

Coral Point is a secure, modern development offering residents:

  • 24-hour access-controlled security
  • Communal swimming pool
  • Fully equipped gym facilities
  • Clubhouse and landscaped communal areas
  • Direct integration with the natural coastal environment

The estate is designed to deliver a resort-style living experience, making it highly desirable to both residents and tenants.

Location & Accessibility

The property is positioned within the prestigious Sibaya Coastal Precinct, one of KwaZulu-Natal’s fastest-growing residential and investment nodes.

Key location benefits include:

  • Immediate access to the M4 and N2 highways
  • Close proximity to uMhlanga and Umhlanga Ridge
  • Approximately 10 minutes from King Shaka International Airport
  • Nearby retail, dining, and entertainment facilities, including Sibaya Casino
  • Easy access to beaches and coastal walkways

This prime positioning ensures strong ongoing demand and long-term capital growth potential.

Investment Appeal

The Sibaya precinct continues to experience sustained demand due to:

  • Ongoing infrastructure and development expansion
  • Limited availability of secure sectional title units
  • Strong appeal to both local and out-of-town buyers
  • High rental demand, particularly for secure, low-maintenance apartments

This property is ideally positioned as:

  • A rental income-generating asset
  • A short-term letting opportunity
  • A long-term capital growth investment

For more info contact Danielle 033-397-1190 or email reception@maskell.co.za

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PMA Banking Details

Payment for our buyer's card requirement can be made into the following bank account.

  • Buyers card deposit: R50,000.00
  • Pay by EFT ONLY!
  • FICA to be provided
  • Bidding subject to Automatic staggered ending times
  • 10% deposit on purchase price payable by successful bidder on fall of hammer
  • 5% + vat Auctioneer’s commission payable by successful bidder on fall of hammer

PETER MASKELL AUCTIONS CC NEDBANK                      

Account number : 1343096103
Branch : 198765
Reference : your name #REDFAIR

Property Auction - Photo Gallery

A selection of photos for this auction from Peter Maskell Auctioneers

RESORT-STYLE LIVING AWAITS YOU!
SS Coral Point InSibaya Coastal Precinct - Bid On Our Auction Mobility App:
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For Further Info Contact Danielle On
033 397 1190 Or reception@maskell.co.za

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