AUCT-002377 | On Auction

Apartment Block with 100 Rooms (Ex Hotel)

60 Meridian Drive, Umhlanga New Town Centre, uMhlanga, eThekwini Metropolitan Municipality, KwaZulu-Natal

LIQUIDATION SALE: Apartment Block with 100 Rooms (Ex Hotel). 60 Meridian Drive, Umhlanga New Town Centre, Umhlanga

Misty Blue Investments (Pty) Ltd | Master’s Reference No. N143/2019 | 96 Sections consisting of 100 Rooms, Restaurant, Conference room and Spa | Potential for conversion to apartments | Units Range in size from ± 22 m² to ± 95 m² | Average Size: ± 45 m² | Combined Extent of Sections: ± 4 029 m² | Combined Extent of EUA: ± 1 900 m² | 64 Parking bays | Vacant occupation


Strategic Locality
This property benefits from an excellent position within the sectional title scheme known as Urban Park. This scheme occupies a prime position in the Umhlanga New Town Centre, on the corner of Meridian Drive and Umhlanga Ridge Boulevard. Umhlanga New Town Centre is a prime, high density urban mixed-use precinct. Within this sought-after region, there is a scarcity of available sites. The surrounding precinct is a bustling business environment, 20 minutes north of the Durban Central Business Centre and the Durban Harbour. The Umhlanga Ridge zone is considered one of South Africa’s fastest growing urban nodes. Umhlanga New Town Centre comprises a combination of residential, commercial offices and retail suites. The area already houses most of South Africa’s leading business brands. Within close proximity to the property, is Park Square and its flagship Spar, Plumblink, South African Revenue Services, Porsche, Talisman Hire, Honda, Citroen, Audi, Hyundai. The Gateway Theatre of Shopping Centre is a mere 800m away from the property.

Improvements
This property is set over 6 floors made up of a total of 96 sections which consists of 100 guest rooms, a conference room, restaurant and a spa. In addition, the property also comprises of ± 1 900 m² of exclusive use area. which is made up of conference areas, hotel areas, restaurant areas, storerooms, balconies, and commercial components. The property also offers a total of ± 80 parking bays.

The ground level of the property hosts the hotel and restaurant areas while the mezzanine level accommodates the conference centre spa and 22 Guest rooms. The First Floor consists of 21 rooms while the 2nd, 3rd and 4th floor all consist of 19 rooms each.

Convenient Access
The property has quick and easy access to the N2 Highway and the new R1.1 Billion four-level Umhlanga Interchange, which is a vital artery in the eThekwini Metropolitan highway system. The property is a short drive from Umhlanga Rocks Drive and is easily accessible from the M4 Highway just to its east, and N2 Freeway on the West. The M41 is also easily accessed, which continues westwards to the N2 National Freeway. The King Shaka International Airport and Dube Trade Port is located 15 minutes north. The local upmarket vicinity offers all modern-day amenities and services.

Commercial Type:
Commercial Building
Web Reference:
AUCT-002377
List price:
POA
Address:
60 Meridian Drive, Umhlanga New Town Centre, uMhlanga, eThekwini Metropolitan Municipality, KwaZulu-Natal
Auction Venue:
Mount Edgecombe Country Club

Auction Date:
21 November 2024 11:00 am



Auctioneer:
Andrew Miller
Auction Terms and Conditions:
R 50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

Bidding opens in


Auction Date: 21 November 2024 11:00:00am


Muhammad Ali
                                                         In2assets Representative

Property Agent


Muhammad Ali
Show number
alim@in2assets.com


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