78 Apartments within the Popular Oceanic Hotel on North Beach

AUCT-001594 | On Auction

78 Apartments within the Popular Oceanic Hotel on North Beach

The Oceanic, 20 John McIntyre Road, North Beach, Durban, KwaZulu Natal

78 Apartments within the Popular Oceanic Hotel on North Beach. The Oceanic, 20 John McIntyre Road, North Beach, Durban’s Beachfront

Sold individually and as a combined lot | Tenanted and Vacant Units | Hotel Units and Residential Units | Hotel Units: 2 Bachelor Units; 16 One Bedroom Units, 11 Two Bedroom Units & 3 Three Bedroom Units – Sold fully furnished | Residential Units: 9 bachelor Units; 31 One Bedroom Units & 6 Two Bedroom Units | 1 x parking bays per unit plus additional bays for purchase | 4 x Conference halls, Bar, Restaurant and Catering Kitchen | Sea views from majority of units | Residents enjoy use of the Pool and Jacuzzi | Constructed on Leasehold Property with Ethekwini Municipality: Expiring 15 March 2054


The Oceanic Hotel offers Durban beachfront accommodation for the discerning traveller or holidaymaker searching for high-end hotels on Durban’s beachfront. Durban beachfront hotels are known to the world over for their access to sea, sand and surf. This picturesque setting is complemented by The Oceanic Hotel’s well-appointed rooms, unmatched views and first-class amenities.

The Oceanic is positioned behind the San Remo Apartment building on the Snell Parade (O R Tambo Parade), on Durban’s Beachfront. It is a very well maintained, well managed and neat block that comprises facilities such as secure parking, a pool, restaurant and jacuzzi. There are approximately 4 conference halls, each separated by stack doors, a bar, lounge, restaurant and catering kitchen that are also for sale.

The Oceanic comprises of spacious hotel apartments and residential apartments. For sale are 78 of these apartments spread throughout the building from the 2nd floor to the 12th floor.

The Hotel Apartments are positioned from floor 2 to 5. There are 32 Units available which is broken up as follows:

2 x Bachelor Units
16 x 1 Bedroom Units
11 x 2 Bedroom Units
3 x 3 Bedroom Units

The Hotel Units will be sold with movable items such as linen, furniture, appliances and cutlery and crockery.

The Residential Apartments are dispersed from the 6th floor to the 12th floor. There are 46 Units available for sale which is broken up as follows:

9 x Bachelor Units
31 x 1 Bedroom Units
6 x 2 Bedroom units

Some units consist of split unit air-conditioners whilst all units comprise of built-in- cupboards and fitted stoves. Note there are units (Hotel and Residential units) that are currently tenanted and some vacant. Lease details is still to be confirmed with the Sellers.

All units are allocated a parking bay withing the secure basement level however we are still to confirm with the Sellers if there are additional parking bays available for purchase.

The Oceanic Hotel is within walking distance of Suncoast Casino, the Moses Mabida Stadium and Durban CBD.

This share block apartment building falls within the Durban Central precinct, as per eThekwini’s new Urban Development Zone (UDZ). This is one of nine new precincts demarcated within the greater central city, together forming the UDZ. The aim of creating this zone is to stimulate new investment and urban regeneration to the central parts of the eThekwini city, through tax saving incentives applicable to new development or building restoration.

The neighbourhood within the immediate vicinity of the scheme comprises mostly retail space on the ground floor and holiday or permanent residential flats on the upper floor levels. Upgraded accommodation, improved cleanliness and security have stimulated new investment in the area.

The Victoria Embankment and the Durban Harbour are easily accessible; as are the M4 and N3 Freeways. The building is well appointed in terms of necessary amenities including emergency, medical, educational services and transport facilities.

Residential Type:
Apartment Block
Web Reference:
AUCT-001594
List price:
POA
Address:
The Oceanic, 20 John McIntyre Road, North Beach, Durban, KwaZulu Natal
Auction Venue:
Mount Edgecombe Country Club
Mount Edgecombe Country Club Estate
Mount Edgecombe
KwaZulu Natal
Auction Date:
23 February 2022 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50 000 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 23 February 2022 11:00:00am


Virend Deonarain
                                                         In2assets Representative

Property Agent


Virend Deonarain
Show number
[email protected]


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