Indian Ocean Icon Beach Hotel Durban

AUCT-000854 | On Auction

230 South Beach Road, La Mercy, KwaZulu Natal


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Landmark Indian Ocean Beach Hotel, 230 South Beach Road, La Mercy

28 Room hotel including 3 triple room family suites | Direct beach access | 3 Conference & banqueting halls | High average annual occupancy | ± 25 km North of Durban

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Locality

The property enjoys a central location within the heart of La Mercy on the Indian oceans edge and is located at 230 South Beach Road. La Mercy is situated between Ballito and Umhlanga. It forms part of the greater northern corridor and is accessed via the M4, which is easily accessible to the N2 Freeway. The township forms an integral part of the expanding northern corridor with large scale developments underway in Umdloti to the south and Ballito & Zimbali to the north. It is predominantly a middle to high income residential area, which is supported both by the Ballito and Umhlanga CBDs.

The property is situated on South Beach Road which intersects with the M4, the main coastal route running from Ballito to Durban. South Beach Road is accessed via the M4 to the north and south. Most amenities are located within Ballito, Umdloti, and Umhlanga and are within a short driving distance. There are shopping centres in close proximity including the Umdloti Shopping Centre, Gateway Shopping Centre, Ballito Lifestyle Centre and the Umhlanga Shopping Centre

Primary use

Set on the sunny shores of KZN’s fast developing North Coast, The La Mercy Hotel caters for all. With 28 fully fitted rooms, including three multiple room family sized suites, the hotel accommodates over 68 people. The property has a rich history within the area and is a well-known location for a delicious Durban curry. The Hotel caters for banquets, weddings and conferences in three separate halls of varying sizes accommodating upwards of 250 people. The Hotel enjoys a very high average occupancy level of 70%.

Two large solar panels on the roof of the Hotel provide power to sustain the entire building, which is backed up by a 200kva generator. The Hotel also has a 30 000 Litre JoJo tank as a backup water supply. The Hotel has also seen a recent upgrade of the internal lifts; it makes use of individual air-conditioning units in each room which are still under a 4-year guarantee and is under constant surveillance with a CCTV system.

With the Hotels prime location, customers can choose between lounging on the beach or enjoying a refreshment at the pool area. The Hotel offers meals at its restaurant and customers can buy alcohol through either of the Hotels’ two bar facilities. The Hotel has ample parking space and also boasts staff accommodation, a workshop, and multiple storerooms. Additional income is generated by the Hotel via 4 cell-phone tower leases, a bottle store, and a tote.
The sale includes all movables.

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Commercial Type:
Hospitality
Web Reference:
AUCT-000854
List price:
POA
Address:
230 South Beach Road, La Mercy, KwaZulu Natal
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
07 February 2019 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.
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Auction Date: 07 February 2019 11:00 am

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