La Mercy Beach Hotel on Auction
La Mercy, North Coast, Kwazulu Natal
|Asking Price :||POA|
|Land Size :||2579m²|
AUCTION of the La Mercy Beach Hotel on the KZN North Coast.
The property enjoys a central location within the heart of La Mercy on the Indian Ocean’s 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 and Zimbali to the North. It is predominantly a middle to high income residential area, which is supported both by the Ballito and Umhlanga CBD’s. 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, the Gateway Shopping Centre, Ballito Lifestyle Centre, and the Umhlanga Shopping Centre. The Hotel is 12km away from King Shaka International Airport and 14km away from the Mount Edgecombe Country Club.
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 (currently under a 4-year guarantee); and is under constant surveillance with a CCTV system. With the Hotel’s 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 Hotel’s 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.
AUCTION VENUE: The Durban Country Club, Isaiah Ntshangase Road, Durban
AUCTION DATE & TIME: 07 February 2019 at 11h00
Please see attached full Auction Brochure and feel free to contact us if you wish to view or require any additional information.
Contact the Agent
Bradley Hancock » ++27 72 019 6192
Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.