Incomplete Hotel

AUCT-000704 | SOLD

Incomplete Hotel

1 Douglas Crowe Drive , Ballito, KwaZulu Natal

Incomplete Hotel, Between Douglas Crowe Drive & the M4 to Zimbali

IN LIQUIDATION


Victory Parade Trading 81 (Pty) Ltd (In Liquidation) – Master’s Ref No. D14/2016

Erf 2579 Ballitoville | Basement with 2 stories built | Basement / Reception / Kitchen / Dining halls & Entertainment areas | Proposed 34 Guest rooms on the 1st & 2nd floors | Building approximately 55% complete

The subject property is located within the Ballito Commercial Park and is situated between the Douglas Crowe Road and has road frontage onto the busy M4. Surrounding environs comprise of commercial retail units, office blocks, a school and a two shopping centres. It is an established suburb with mainly middle to upper income demographics.

The subject property is accessed via Douglas Crowe Road and is situated on a level to sloping plot below road level. The property accommodates an incomplete hotel structure comprising of a basement, ground floor and two storeys. The property is configured to accommodate parking and change rooms on the basement level, reception, kitchen, dining halls and entertainment areas on the first floor and 34 guest rooms with en-suites on the 1st and 2nd floor.

To participate in this physical auction each bidder has to follow the registration procedures.

Commercial Type:
Commercial Building
Web Reference:
AUCT-000704
Final price:
POA
Address:
1 Douglas Crowe Drive , Ballito, KwaZulu Natal
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
25 July 2018 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by bank guaranteed cheque. No cash. ID Document is required.

Bidding opens in


Auction Date: 25 July 2018 11:00:00am


Luke Hearn
                                                         In2assets Representative

Property Agent


Luke Hearn
Show number
[email protected]


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