Chance to own Dur­ban’s dream ho­tel

The Mercury - - NEWS - Jan de Beer

A HO­TEL that for decades has been a home-away-from home for thou­sands of Gaut­engers flee­ing to the warm beaches of Dur­ban will come un­der the Re­liance Auc­tions ham­mer.

The sale of the ho­tel forms part of a ma­jor multi-prop­erty auc­tion at the Dur­ban Coun­try Club at 11am on July 19.

For busi­ness trav­ellers, fam­i­lies and ma­tric­u­lants cel­e­brat­ing their es­cape from school, the Beach has it all.

Lo­cated on Dur­ban’s Golden Mile beach­front prom­e­nade, the peren­ni­ally pop­u­lar ho­tel is close to tourist at­trac­tions, the busi­ness district, shop­ping cen­tres, restau­rants and en­ter­tain­ment venues.

It of­fer spec­tac­u­lar views of the In­dian Ocean.

Good­er­son Leisure cur­rently holds a 20-year-lease for the 1 250m² multi-storey prop­erty with nearly 14 000m² let­table floor space at the end of OR Tambo Pa­rade on South Beach. The ho­tel, to be auc­tioned with a re­serve price, should pro­vide a 7% to 9% yield on in­vest­ment, says Re­liance chief ex­ec­u­tive David Sout­ter.

“The buyer will be in­vest­ing in a ho­tel that has be­come Dur­ban’s dream des­ti­na­tion for in­lan­ders seek­ing af­ford­able fam­ily ac­com­mo­da­tion,” Sout­ter says.

The 3-star ho­tel has 112 rooms, satel­lite TV, con­fer­enc­ing fa­cil­i­ties, wi-fi, air­port shut­tle ser­vice and 24-hour park­ing and se­cu­rity. There are two restau­rants and a large out­door ter­race.

For more de­tails call David Sout­ter on 0833257152 or Blackie Swart on 0645095639 or see­lianceauc­tions.

Dur­ban’s Beach Ho­tel is up for auc­tion by Re­liance in Dur­ban on July 19.

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