Opening Bid
R9,850,000

Investment

LOT 172

Collin Street, Uvongo Beach, Margate

  • GLA
    2,026m2
  • No. of Stories
    3
  • No. of Buildings
    1

Online Auction
04 Feb 2021 - 04 Feb 2021

Property Description


HIGHLIGHTS


THE STORY

Situated along the South Coast, this Freestanding Hotel offers a unique opportunity for a business investor to add their touch to this well-established hotel which sits 200m from the beach. 

The Hotel consists of 13 bedrooms in total, with all rooms opening onto a private balcony with a built in braai facility. Amenities include a roof level swimming pool, games room and walking access to the professionally manned and netted swimming beach of Uvongo 

The area has many unique drawing cards for guests, situated along the stretch of coastline known as the Hibiscus coast, The area is rich in natural attractions and the abundant of sea life found in the warm waters. Some of the most spectacular coral reefs found in South Africa are along this coast, with divers across the world adventuring to the area due to the large game fish and endangered shark species. The beach nearby of this property also features rock pools for bathers to enjoy.

Tourist who seek a break from the beach can head to an array of shops and restaurants within the area along with nearby attractions to explore.


VIEWINGS: Contact Daniel Martins (details below) for more information or to arrange a viewing

REGISTRATION FEE: R50 000 (refunded immediately if not winning bid)

BUYERS PREMIUM: 6% ex VAT

NOTE:

Please note the following will be required to register to bid:






DISCLAIMER: No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidStream or the vendor in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidStream or the vendor. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, or inaccuracy of description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor shall not give rise to any right of action, claim, entitlement or compensation against BidStream or the vendor. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidStream or the vendor.

Legal Documents

Photos


Contact

 

Daniel Martins
[email protected]
BidStream
071 971 8077
Send Message

   

Experience

Contact

Mon – Fri 08:00 – 16:30

Contact us