Oceanic Hotel flats up for grabs
IN2ASSETS will be auctioning 78 flats, plus conference and restaurant facilities, in the Oceanic Hotel in North Beach in an online, as well as live, sale. The online bidding opens at 8am on February 11 and closes at 3pm on February 21. The live leg of the auction will be held at the Mount Edgecombe Country Club at 11am on February 23.
The Oceanic is comprised of 91 share block units of which 13 are privately owned and the remaining 78 units set for auction, divided into hotel units and residential units, from the second floor to 12th floors. There are 32 hotel units and 46 residential units.
These range from bachelor to three-bedroom units and from approximately 25m² to 110m². Some have sea views and one parking bay is allocated to each unit.
The hotel units come fully furnished, including stove, TV, kitchen appliances, beds, linen and curtains.
The units, some of which are tenanted, are to be sold individually or as a combined lot.
Residents enjoy the use of the entertainment room, pool, sauna and jacuzzi within the development.
Also under the hammer are four conference halls, a restaurant, bar, lounge and a catering kitchen sold as a combined lot. The conference/function rooms can accommodate about 240 people and are partitioned by stack doors. They will be sold with all movable items such as tables and chairs.
The restaurant, which can seat 150 to 180 people, has a full catering kitchen which is being sold with all the equipment.
The Oceanic Hotel is within walking
distance of Suncoast Casino, the Moses Mabhida Stadium and Durban CBD. The Victoria Embankment and Durban Harbour are easily accessible, as are the M4 and N3 highways.
“The building is well appointed in terms of amenities, including emergency,
medical, educational and transport facilities, all of which are within a 500m radius of the property.
“The Oceanic Hotel offers beachfront accommodation for the discerning traveller, holidaymakers and permanent residents in luxury apartments.
“The Oceanic is safe and well-maintained, backed by a body corporate with a healthy financial balance,” says Virend Deonarain, who is handling the sale.
For more information contact him at 071 383 1735, 031 574 7600 or vdeonarain@in2assets.com.