Excellent Business Opportunity in the Popular Kapenta Bay

AUCT-001383 | On Auction

Excellent Business Opportunity in the Popular Kapenta Bay

5th Avenue, Port Shepstone, KwaZulu Natal


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Auction Date: 09 December 2020 11:00:00am

Excellent Business Opportunity in the Popular Kapenta Bay, 5th Avenue, Port Shepstone

Consisting of 4 sections measuring ± 1 922 m² | Offices | Private lounge | ± 80 Seat conference room | Bar with cold room | ± 180 Seat restaurant | ± 250 Seat function and conference rooms | Catering kitchen | Laundry | Administrative section | Off -street take-away | Fully operational restaurant and conference facilities | Additional storerooms sold with restaurant | Strong Body Corporate with healthy financial backing

Proposed Sections 53 & 54 of Kapenta Bay provides an excellent business opportunity to the hospitality service industry within a complex that focuses on elegance, luxury and leisure. The popular Kapenta Bay Resort has sold off each of its hotel rooms to individual residents and remaining ground floor mixed use components are for sale by auction. Positioned alongside the beach in a sought-after holiday town, these properties are ready for full operational of the business. Common facilities of the complex include a pool, braai areas and secure basement parking.

The ground floor of Kapenta Bay is currently known as Section 1, however sub-divisions have been approved to form proposed Sections 53, 54 and 55. These proposed sections are not yet registered. Proposed Section 55 of Kapenta Bay comprises of the common lobby area for the complex and does not form part of the sale.

Proposed Section 53 of Kapenta Bay comprises of administrative offices supported by a board room, store room and ablution facilities. All offices are air-conditioned. This section further comprises of a lounge area that is set between an 80-seater conference room and bar. The bar is supported by a cold room and the patron seating area. There are split unit air-conditioners throughout as well as ducted air-conditioning. These facilities open out to the common entertainment areas of the complex.

Proposed Section 54 of Kapenta Bay comprises of the existing hotels reception office with a further 5 administration offices. This section further consists of 180-seater restaurant spread out surrounding the buffet area. This restaurant links to a 250-seater functions/events room and then to 3 conference rooms. All 3 conference rooms can be used as one huge venue as well. Each conference room has its own set of ablution facilities and store rooms. The restaurant, function/events room and the conference rooms all open out to an exclusive use entertainment area that overlooks the sea. All of these components are further supported by a full catering kitchen with cold room and freezer room. Towards the western boundary of Proposed Section 54, there are staff change rooms, staff canteen, staff ablution facilities, a laundry and an off-street shop / take away.

Proposed Section 56 comprises of 6 store rooms that are positioned on floors 1 to 6 of the residential component of Kapenta Bay. These store rooms will be ideal for storage of the laundry’s linen and consumables.

Section 2 comprises of a storage room that is positioned in the basement parking area which can be supportive to the restaurant, conference facilities, function / events room or for the offices.

The following should be noted:

• All administrative electronic equipment such as computes, cash machines, stationery, fax machines and paperwork do not form part of the sale of the properties.
• All movable items and stock that are required to operate businesses are excluded from the sale of the properties, however these items can be negotiated for purchase on a separate transaction after the sale of the properties. This also applies to all movable items within the conference facilities.
• Proposed Section 53 & 54 have prepaid electricity meters
• CCTV Cameras, cutlery and crockery form part of the sale.
• Brand new motors were recently installed in the cold room and freezer room of the catering kitchen.

Commercial Type:
Commercial Building
Web Reference:
List price:
5th Avenue, Port Shepstone, KwaZulu Natal
Auction Venue:
The Durban Country Club
Isaiah Ntshangase Road
KwaZulu Natal
Auction Date:
09 December 2020 11:00 am

Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by bank guaranteed cheque or EFT. No cash. FICA Document are required
Virend Deonarain
                                                     In2assets Representative

Property Agent

Virend Deonarain
071 383 1735
[email protected]

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