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Investment
Collin Street, Uvongo Beach, Margate
Online Auction
28 Jan 2021 - 28 Jan 2021
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:
The Opening Bid Is Not The Reserve Price
The Winning Bidder Will Pay (Immediately Upon Request) A Deposit Of 10% Towards The Transaction And A 6% Buyer Premium Plus VAT By EFT Into The BidStream Trust Account Immediately After The Auction. The Balance Of The Purchase Price Will Be Secured By The Purchaser Within 30 (Thirty) Business Of Acceptance Of The Offer.
Should The Reserve Price Not Be Met, The Highest Bid Will Be Presented To The Seller For Consideration After The Auction.
Offers Can Be Submitted Prior To Auction Commencement For Consideration. Contact The Listing BidStream Consultant.
All Viewings & Due Diligence Must Be Completed Before The Auction. Please Contact The BidStream Consultant To Arrange This.
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.
