Great Commercial Investment in the hospitality industry

Ref # 2021523
R6,500,000
Property Details
1,922m²
6,595m²

Looking for a Great investment, This commercial unit in central Port Shepstone, consists of a fully equipped restaurant, kitchen, bar, conference rooms and a pool and entertainment area overlooking the ocean. Port Shepstone is known as the administrative, educational and commercial center of the

south Coast and is positioned halfway between Hibberdene and Margate, approximately

120km south of Durban. Port Shepstone is the largest town on the tropical South Coast of

Kwa-Zulu Natal.

Previously recognized as a poplar and superior resort and conference hotel, Kapenta Bay

is positioned on the very edge of the Indian Ocean shore of Port Shepstone. Kapenta Bay

offers 180o sea views.

Kapenta Bay is positioned approximately 5 minutes away from the Port Shepstone CBD,

Schools and Hospitals.

The Ground Floor of Kapenta Bay comprises of Sections 53, 54 and 55. Section 55 of

Kapenta Bay comprises common lobby area for the complex and does not form part of the

sale. There’s is a liquor license, which is not transferrable and it is the responsibility of the

Purchase to apply for such certificate at his own cost.

Section 53 & 54 of Kapenta Bay provides an excellent business opportunity to the

hospitality service industry with a complex that focuses on elegance, luxury and leisure.

Section 53: (Gross Area 294m2

)

Comprises administrative office supported by a board room, storeroom and ablution

facilities, This section further comprises lounge area that is set between an 80 seater

conference room and bar. The bar is supported by a cold room and the patron seating

area. There are split unit air-conditioners throughout as well as ducted air-conditioning and

Pre-paid Electricity. These facilities open out to the common entertainment areas of the

complex.

Section 54: (Gross Area 1467m2

)

Comprises the existing hotels reception office with a further 5 administrative offices. This

section further consists of 180-seater restaurant spread out surrounding the buffet area.

This restaurant links to a 250-seater functions/events room and then to 3 conference

rooms. All 3 conference rooms can be used as one huge venue as well. Each conference

room has its own set of ablution facilities and storerooms. The restaurant, function / events

room and the conference rooms all open out to an entertainment area with sea views. All

these components are further supported by a fully furnished catering kitchen with cold

room, freezer room and prepaid electricity. Towards the western boundary of section 54,

there are staff change rooms, Staff Canteen, staff ablution facilities, a laundry and an off

street shop / Take Away.

Section 56: (Gross Area 64m2

)

Comprises of 6 storerooms that are positioned on floors 1 to 6 of the residential component

of Kapenta Bay. These store rooms will be ideal for storage of the laundry’s linen and

consumables.

Section 2: (Gross Area 97m2

)

Comprises of a storage room that is positioned in the basement parking area which can be

supportive to the restaurant, conference facilities, function / events room or for the offices.

NOTE: all assets as per Annexure “A” are included in the Sale.

Exclusive use Area: 25 Parking Bays

Property Features
Property Type
Retail
Building Size
1,922m²
Land Size
6,595m²
Property Costs
Rates & Taxes
±R9,137.5
Levy
±R23,104
Additional Information
Kitchen
Fully equipped catering kitchen with cold room, freezer room
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