Unprecedented Hotel and Hospitality Portfolio Hits the Auction Block: A Rare Opportunity for Investors In an extraordinary event that is set to shake up the South African hospitality industry, In2assets, a leading property specialist company, is proud to announce the auction liquidation sale of a vast and diverse hotel and hospitality portfolio in KwaZulu-Natal.
This incredible opportunity comprises a range of commercial properties, each with its unique charm and investment potential.
At the heart of this portfolio is a property called "The Square," a stunning commercial & retail building located on Umhlanga Rocks Drive bordering La Lucia office Park, in the bustling town of Umhlanga. This one-of-a-kind property boasts an open atrium surrounded by retail shops and offices, as well as a 50-room boutique hotel, presenting endless opportunities for innovative investors.
For those with their sights set on Durban's iconic waterfront, the "Waterfront Hotel" presents an unparalleled opportunity. This 83-bedroom landmark property stands proudly opposite the Durban Nelson Mandela Cruise Terminal, offering a front-row seat to the city's maritime buzz. With conference facilities that can host up to 400 guests, a luxurious spa, and ample parking, it's poised to capitalize on the booming cruise liner tourism.
Third in line is the "Urban Park Hotel" in Umhlanga's New Town Centre which is also part of the portfolio auction. This modern marvel offers 103 apartments, a restaurant, and 98 parking bays, all just a stone's throw from the Gateway Theatre of Shopping and Umhlanga's pristine beaches. It's a lifestyle investment that combines comfort with convenience.
Tucked away in Durban North, the charming "Auberge Hollandaise" presents a more intimate investment opportunity. This 11-room boutique hotel is a hidden gem, complete with a bar, pool, conference rooms, and a cozy lounge area. It's the perfect escape for travellers seeking a touch of luxury away from the hustle and bustle.
As if that weren't enough, a neighbouring residential property is also up for auction. It could serve as an administrative building or staff accommodation, offering flexibility to the new owner of Auberge Hollandaise.
Lastly, for the visionary developers, there's an exciting opportunity to acquire "real rights" to develop a 3637m2 commercial property in Umhlanga New Town Centre. It's a blank canvas waiting for the right investor to develop a landmark masterpiece.
This incredible portfolio sale is set to be the highlight of In2assets' 21st November 2024 combined property auction, which will be livestreamed from the prestigious Mount Edgecombe Country Club. It's an event that's sure to draw attention from investors far and wide, all vying for a chance to own a piece of KwaZulu-Natal's thriving hospitality and commercial real estate market.
Don't let this opportunity slip through your fingers. Whether you're looking to expand your hotel empire, diversify your investment portfolio, or take your first step into the world of commercial real estate, this auction has something for everyone.
For more information on this extraordinary event, visit www.in2assets.com. Remember, in the world of real estate, fortune favours the bold!
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