Holiday Resort On KZN Coastline

AUCT-000960 | On Auction

15 Elizabeth Avenue , Illovo Beach, Kingsburgh, KwaZulu Natal


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Villa Spa Holiday Resort, 15 Elizabeth Avenue, Illovo Beach, Kingsburgh

Total combined extent: ± 19 541 m² | Set in residential node | Ideally located with easy access | Levelled sites | Development opportunity | 4 Star resort | Consistently recognized in Top 20 destinations for caravanning nationally

Locality

The subject properties are set in a residential/holiday node in the tranquil coastal village of Illovo Beach which forms part of the greater Kingsburgh Township on the KZN South Coast. Illovo Beach is situated between two rivers, approximately 40 km’s south of central Durban. Illovo Beach is easily accessible from the N2 Freeway via exit 133 (Kingsburgh) and exit 128 (Umgababa) fur ther south. Elizabeth Avenue branches off the R102 (Kingsway), which runs parallel to the N2 along the coast line. The subject properties are located in a quiet residential suburb with tropical evergreen fauna & flora with an abundance of bird life and direct access (across a guarded railway bridge) to one of the most beautiful unspoilt, secure beaches.

The subject properties border the railway line to the east, the Milkwood residential complex to the south, and private school across from the resort entrance. The area comprises mainly sectional title complexes with limited freehold residential properties. Commercial properties in the nearby area comprise coffee shops/restaurants, Illovo Nursery, service/petrol station and numerous holiday resorts (ATKV Natalia, Suntide Illovo Beach, Protea Karridene Hotel/resort) with the nearest shopping centres being the Kingsburgh Mall (Pick ‘n Pay) and DSM Mall (Spar).
East Coast Christian College is the only school in the immediate area and is situated across the road from the subject properties, with other English and Afrikaans pre-primary, primary and high schools within a 10 – 12 km radius.

Illovo Beach is a sought-after holiday destination because of it’s golden stretch of unspoilt beaches set between two beautiful rivers as well as the various golf courses/ entertainment centres nearby. The area is desirable for families wanting to l ive outside the city buzz and is also popular for retirees who enjoy the outdoors and is ideally located with the Netcare Kingsway Hospital, Galleria Regional Mall, Arbour Crossing Value Mall, Makro Amanzimtoti approximately 16km’s away and the popular Aliwal Shoal dive site a mere 10km’s to the South.

Primary Use

The subject propery comprises 4 almost-level individual stands located at 9, 13 & 15 Elizabeth Ave & 20 Station Rd Illovo Beach – combined land size for all 4 proper ties equals 19 540m². Consolidation of the four stands is in progress – Proposed consolidation being Erf 4846 Kingsburgh.

It is an established, successful ‘4 Star’ graded holiday resort, fully fenced and secured with perimeter electric fencing & internal paved/concrete access roads. It has a gated entrance with paved driveway & visitors parking, covered porte-cochere for arriving guests, reception area & office, upstairs private owners residence, equipped catering kitchen, 40 seater restaurant, function room, covered games area & poolside pub, heated pool with deck, braai area & lapa, managers residence, fully furnished chalets, garaging, store-rooms & ablutions, camp/caravan sites and secured pedestrian gate with access to the beach.

The resort has been family owned and operated for the past 31 years and is a flagship resort on the KZN coast, consistently featuring as a ‘Top 20 resort’ in the Caravan & Outdoor Magazine. Business is derived from repeat guests who frequent the resort regularly as well as new guests sourced via word of mouth – it is important to note that there is huge potential to increase current turn-over with a more focused marketing effort. The resort is sold as a going concern with all future bookings, list of clientele and all movable assets listed as per the inventory.

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

Commercial Type:
Hospitality
Web Reference:
AUCT-000960
List price:
POA
Address:
15 Elizabeth Avenue , Illovo Beach, Kingsburgh, KwaZulu Natal
Property Extent:
19540 m2
Auction Venue:
Durban Country Club
Isaiah Ntshangase Road
Durban
KwaZulu Natal
Auction Date:
24 July 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: 24 July 2019 11:00 am

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