march, 2021
Event Details
We have been favoured by instruction from the Trustees, to sell the following property by means of PUBLIC AUCTION Superb property known as Victoria & Alfred Collection Boutique Hotel in Walmer,
Event Details
We have been favoured by instruction from the Trustees, to sell the following property by means of PUBLIC AUCTION
Superb property known as Victoria & Alfred Collection Boutique Hotel in Walmer, Port Elizabeth, comprising a boutique hotel, guest house, conference venue & event venue on a stand of 2525 sqm.
Date: Friday, 26 March 2021
Time: 11:00
Venue: On-site at 63 Villers Road, Walmer
The property is ideally located for both business and leisure accommodation – a mere 2 minute drive from Port Elizabeth International Airport and 5 minute drive from our famous blue flag beaches.
Property details
- Extent of erf: 2525 sqm
- Extent of improvements: 1253 sqm
- Large parking area on-site for 30 vehicles
This unique property lends itself to various types of use, offering an income stream from different segments of the market. The ample on-site parking is a huge plus point.
Composition of improvements
- 12 rooms, of which 2 are family rooms
- 2 conference rooms
- reception area
- office
- sitting area
- full restaurant
- bar area
- swimming pool
- lapa area
- kitchen
- ironing room
Click on the following link to view building plans: Buidling Plans
Lock, stock and barrel sale – all movables are included in the transaction.
Summary of Auction Conditions of Sale
• 10% deposit & 10% + VAT commission payable on day of auction
• There will be a period for higher offers after the auction, which will close on 30 March 2021 at 12:00 noon. The sale shall be subject to confirmation by the Seller by 1 April 2021; however the Seller may accept or decline the offer before 1 April 2021.
• Balance purchase price payable against registration of transfer
• OCCUPATION on registration of transfer
• VAT payable on purchase price
Enquiries:
• Office tel: 044 – 8782877
• Daniel van Schalkwyk (Auctioneer) 083 255 4245
Time
26 (Friday) 11:00 am