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R 14 500 000 | business property for sale in margate

Property Description


Offers from R 17.5 million Perched high on a hill overlooking the expansive Indian Ocean and surrounding hillocks this large establishment offers its visitors solitude and serenity. The establishment has : * 11 fully equipped self catering units * 10 hotel rooms * Large dinning room * Full kitchen which can cater for 100 people * Accommodates 84 guests * Large swimming pool * Large outside lounge area around the swimming pool * Large viewing deck * 8 hectares of land of which 5 hectares is currently undeveloped * Proposed plans for units to be built on the undeveloped land -60 units. * Pub and coffee bar/lounge This establishment is situated with close proximity to beaches, shops and outdoor activities. Besides the holiday accommodation side this establishment is frequently booked for functions like weddings, company team building, school groups etc... An array of business and activities surrounding this establishment also make use of the accommodation for their events so the establishment has a year round occupancy.


Property Details

Purchase PriceR 14 500 000

Building Size2291 m2

Price Per SQMR 6329 m2

Monthly Rates6443

Type of PropertyBusiness

Land Size51602 m2

FurnishedYes

Last Updated30 Jul 2020

Rooms

Store RoomYes

Study1

Laundry1

Kitchen12

Bedrooms21

Bathrooms21

Reception Rooms

Lounges12

Dining Room1

External Features

Swimming PoolYes

Patio5

Outdoor LivingPlastered and paint

Garages2

Carports30

General Features

SecurityYes

RoofingFlat roof

FlooringTiles

Sea ViewsYes

Property Location


AddressHillside Crescrent, Margate, Margate, KWAZULU-NATAL, South Africa

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Agent

Natasha Evans

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