Oceans Umhlanga Development · Umhlanga
Oceans Umhlanga
Beachfront residences above a Radisson Blu hotel and luxury mall.
- Price from
- R 2 450 000
- Gross yield
- 8.0% gross / 6.2% net
- Projected ROI
- 10.6% p.a. blended
- Completion
- Completed — phased occupation
Overview
Beachfront Mixed-use Residences in Lagoon Drive, Umhlanga Rocks
Oceans Umhlanga is the largest single development on the KwaZulu-Natal coastline: 200-plus residences above a Radisson Blu Hotel, a luxury retail mall and an ocean-facing promenade. Every apartment faces the Indian Ocean, with hotel services available to residents on demand.
- Direct beachfront position on Lagoon Drive — irreplaceable land
- Radisson Blu hotel services available to residents
- Luxury retail mall in the same podium
- Dual corporate and holiday letting income streams
- Every residence faces the Indian Ocean
Unit schedule
Prices, sizes and returns
| Unit type | Size | Price | Deposit | Monthly bond | Term | Est. rental | ROI |
|---|---|---|---|---|---|---|---|
| Studio | 38 – 45 m² | R 2 450 000 | R 245 000 | R 23 100 | 240 months (20-year bond) | R 16 000 pm | 7.8% gross |
| 1 Bedroom | 58 – 72 m² | R 3 450 000 | R 345 000 | R 32 600 | 240 months (20-year bond) | R 22 500 pm | 7.8% gross |
| 2 Bedroom | 95 – 120 m² | R 5 950 000 | R 595 000 | R 56 200 | 240 months (20-year bond) | R 36 000 pm | 7.3% gross |
| 3 Bedroom | 160 – 210 m² | R 9 950 000 | R 995 000 | R 94 000 | 240 months (20-year bond) | R 58 000 pm | 7.0% gross |
Bond repayments modelled at the current South African prime rate of 11.25% over 20 years. Figures are indicative and subject to bank approval.
Payment plan
Off-plan construction-linked plan
10% deposit on signature of the sale agreement
Balance secured by an approved bank guarantee or bond grant within 30 days — no further cash instalments during construction
90% payable on transfer and occupation certificate
Bond pre-approval available through Standard Bank, FNB, Absa, Nedbank and Investec
No transfer duty payable on new developments — VAT is included in the purchase price.
Investment analysis
Model your return
- Gross rental yield
- 7.84%
- Net rental yield
- 6.11%
- Net annual income
- R 149 760
- Cash invested
- R 245 000
- Value in 5 years
- R 3 278 653
- 5-yr return on equity
- 644%
Assumes 22% of gross rental absorbed by levies, rates, management and vacancy. Illustrative only — not financial advice.
Gallery
Renders, interiors and site progress
Programme
Construction timeline
- Completed
Land acquisition & rights approved
Complete
- Completed
Bulk earthworks & piling
Complete
- Completed
Basement & podium structure
Complete
- Completed
Superstructure & topping out
Complete
- In progress
Facade, glazing & fit-out
Complete
- Completed — phased occupation
Practical completion & transfer
Scheduled
Amenities & location
What surrounds the building
Amenities
- 24/7 manned security & biometric access
- Backup power and water infrastructure
- Rooftop infinity pool & sun deck
- Fully equipped fitness studio
- Co-working lounge and boardroom
- Concierge and parcel management
- Fibre-ready throughout
- Secure basement parking
- Landscaped podium gardens
- Pet-friendly policy
Schools
- Crawford La Lucia (4 km)
- Umhlanga College (3 km)
- Chelsea Preparatory (2 km)
Healthcare
- Netcare Umhlanga Hospital (2 km)
- Life Mount Edgecombe (6 km)
Retail
- Gateway Theatre of Shopping (3 km)
- Umhlanga Arch (1 km)
- The Pearls Mall (600 m)
Transport
- King Shaka International (18 km)
- M4 Coastal Route (500 m)
- Durban CBD (16 km)
FAQs
Common questions
Can foreign nationals buy at Oceans Umhlanga?
Yes. Non-residents may purchase South African property in their own name. Funds must be introduced through an authorised dealer bank and recorded as foreign capital so proceeds can be repatriated on resale. Non-residents typically qualify for a 50% loan-to-value local bond.
What is payable in addition to the purchase price?
New off-plan developments carry no transfer duty — VAT is included in the listed price. Buyers pay bond registration costs where a bond is raised, plus a first levy contribution and municipal deposit on occupation.
When is occupation expected?
Practical completion and first occupation are programmed for Completed — phased occupation, subject to the standard construction contract provisions.
Is my deposit protected?
All deposits are held in a Section 78(2A) interest-bearing attorney trust account in the purchaser's favour until transfer, and the development is registered with the NHBRC.
Do you assist with letting after transfer?
Yes. PrimeStone Rentals offers a full letting and management mandate covering tenant placement, compliance and monthly reporting at 8% of gross rental.