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Nov 17, 2008:
Exceptionally positioned in Gordon's Bay, the Villa Via hotel is a prime piece of hospitality real estate located in the prestigious Harbour Island precinct adjacent to the Yacht Club. The hotel will be on auction on 25 November 2008.
The Villa Via hotel comes to the market at Alliance Group's bumper end November auction. "With 2010 around the corner, this sectionalised Hotel opportunity is one of the most exiting property events in recent times", comments Alliance Group Head of Commercial Property, Christian Stewart.
Exceptionally positioned in Gordon's Bay, this prime piece of hospitality real estate is located in the prestigious Harbour Island precinct adjacent to the Yacht Club. The hotel enjoys panoramic views over the Gordon's Bay beach front and offers easy access to all key amenities.
With a site area of 4382m2 and a total floor area of 20740sqm, the property is currently utilised as a hotel resort with restaurant, spa and varied levels of accommodation. Its majestic allure and fine touches draw one to sunset cocktails and lazy summer holidays. The property consists of five floors of accommodation and is in excellent condition, complete with a sophisticated aesthetic appeal.
The opportunity for the successful investor is extensive, as the property offers an array of Category A to F apartments, ensuring the hotel and resort caters to a broad income bracket. The categories extend from 36 bachelor apartments, each of about 42m², to one-bedroom simplex and duplex apartments, as well as accommodating families that demand a suite with two Type E apartments of about 87m² and 101m² respectively. The Penthouse choices ensure decadence is unrivaled, and offer options of 321 to 723m2. The latter is situated on the fourth and fifth floors of the building, with six double en-suite rooms and also has its own swimming pool.
Ensuring that common areas are equally attractive in function as in form, the resort offers conference facilities, a Wellness Centre and a swimming pool, which is situated on the first floor and offers extensive views over the marina. The resort also boasts 180 underground parking bays.
This exquisite property, on auction on 25th November at The Table Bay Hotel comprises the entire Harbour's Edge sectional scheme save for six units within the scheme. It is anticipated that the remaining owners will grant their mandates to sell before auction day. The majority of the units for sale will be sold with vacant occupation and a full list of the sections available will be detailed in the Alliance Group information pack.
To accommodate all interested bidders the property will be sold in four stages within the auction - namely:
1. The 91 Residential sections/apartments 2. The 4 Penthouses 3. The 11 Commercial sections 4. As one lot
