Opening Bid
R8,500,000

Investment

LOT 174

3 Duke Road, Margate North Beach, Margate

  • GLA
    1,655m2
  • No. of Stories
    3
  • No. of Buildings
    1

Online Auction
28 Jan 2021 - 28 Jan 2021

Auction will start in:
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Property Description


HIGHLIGHTS


THE STORY

Situated at North Beach, Margate, this property offers a unique opportunity to further develop this existing holiday accommodation into something special or even convert to apartments. The property consists of 15 suites in total, with 12 suites opening onto a private balcony. 3 x studio four sleeper suites, including a communal pool and within walking distance to the professionally manned and netted swimming beach of Margate beach.  


The area has many unique draw cards for guests due to the property being situated along the stretch of coastline known as the Hibiscus coast. This area is rich in natural attractions with an abundance 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 to this property also features rock pools for bathers to enjoy.  


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.

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Contact

 

Daniel Martins
[email protected]
BidStream
071 971 8077
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