Buy a Country Holiday Home at entry level price
Seldom do opportunities like this enter the market explains Rainer Stenzhorn, Marketing Director of In2assets.
Seldom do opportunities like this enter the market explains Rainer Stenzhorn, Marketing Director of In2assets. The successful property marketing company, in2assets was mandated to sell the Landmark Hotel and sectional Title scheme known as “The Everglades Hotel”, located in the scenic Dargle valley in the Natal Midlands. This entire 54 Room Hotel and conference centre with many recreational Guest Facilities has the big advantage that it falls under a registered sectional title scheme which allows In2assets to sell clusters of rooms including the entire operational Food & Beverage facilities to individual owners. Most buildings consist of individual bedrooms which allows easy conversion to holiday homes, or allows holiday letting under the wings of a hospitality operator.
The entire hotel resort is in liquidation and In2assets estimates that all units will be selling at reduced prices, since the liquidator was instructed by all creditors to conclude a transaction preferably at the day of the auction. “The auction takes place at the Durban Country Club on the 6th of December 2016 as part of In2assets monthly combined commercial property auction” ends Stenzhorn.