In2Assets will auction one of the most popular South Coast holiday resorts at its next multi-property sale at the Durban Country Club on July 24 at 11am. On offer will be Villa Spa Holiday Resort in Illovo Beach, a popular family getaway for more than three decades.
Situated on 20 000m² covering 9, 13, and 15 Elizabeth Avenue and 20 Station Road, Kingsburgh, Illovo Beach, the resort’s facilities include large lawned, shady, caravan and camping sites as well as luxury furnished log chalets with deck space for outdoor entertainment.
Spa Villa is an established, successful 4-star-graded holiday amenity, fully-fenced and secured with perimeter electric fencing and internal concrete access roads. On site are:
* 40-seater restaurant and kitchen;
* Upstairs private owner’s residence;
* Manager’s residence;
* Function room;
* Covered games area and poolside pub, heated pool with deck, braai area and lapa;
* Storerooms and secured pedestrian gate with access to the beach.
The resort has been family-owned and operated for the past 31 years and is a flagship resort on the KZN coast regularly featuring as a Top 20 Resort in the Caravan and Outdoor Magazine. It is being sold as a going concern with all future bookings, list of clientele and movable assets.
Luke Hearn, who is handling the auction for In2Assets, says the camping and caravan sites are on level terrain and remain, as such, undeveloped. “There is huge potential for the expansion of the resort by adding further - more lucrative - chalets or park homes on these sites. With increased marketing of the resort for conferencing, weddings and corporate functions, more guests are likely to stay overnight or for weekends.”
He says with the densely populated Amanzimtoti, Warner Beach, Winklespruit and Illovo Beach areas’ permanent and holiday residents as future client base, the restaurant also can become a sizeable source of income.
Illovo Beach, 37km south of Durban, is a sought-after holiday destination because of its stretch of unspoilt beaches set between two scenic rivers as well as various golf courses and entertainment centres nearby. The area is popular with families wanting to live outside the city buzz and with retirees who enjoy the outdoors.
Netcare Kingsway Hospital, Galleria Regional Mall, Arbour Crossing Value Mall, and Makro Amanzimtoti are about 16km away and the popular Aliwal Shoal dive 10km to the south.
For more details and viewing appointments, call 071 351 8138 or 0861 444 769; email [email protected] or see www.in2assets.com