The auction model’s proven effectiveness at delivering value for both sellers and buyers makes it the ideal process for dealing with the upcoming sale of Shekinah Lodge, a popular guesthouse on the Atlantic Seaboard.
A well-positioned corner property, 7 Milner Road offers 16 en-suite rooms and numerous amenities to ensure that guests have a comfortable ‘home-away-from-home’ stay. “Shekinah Lodge is a successful going concern with the potential to generate income of over R2.5 million a year,” says Sanjeev Boyjoonauth, ClareMart’s Senior Auction Agent, “It currently enjoys an 8.5/10 rating on bookings.com having been reviewed by almost 200 satisfied guests to date. It would be an ideal investment for an owner-occupier offering accommodation in 14 of the rooms, and living onsite in a two-bedroomed apartment.”
The lodge includes two reception areas, a large kitchen, lounge, braai area and swimming pool. Guests enjoy stunning views of Lion’s Head, and it is just a few minutes’ walk to Sea Point’s bustling Main Road and the Promenade. The property is walled and fully secured.
“This is an excellent opportunity for an investor looking to acquire a viable tourist business in a sought-after area of the Mother City, but there is also significant redevelopment potential.” Boyjoonauth explains: “The property is zoned General Residential 4 which opens up the opportunity to considering re-developing into a block of flats or sectionalising the building.”
7 Milner Road in Sea Point will be auctioned by ClareMart on the 28th of February 2018 at 12h30 at The One & Only Hotel at Cape Town’s V&A Waterfront. Viewing dates are Wednesday the 7th of February 2018 from 12h00 to 14h00 and Wednesday the 21st of February 2018 from 12h00 to 14h00. For more information, contact Sanjeev Boyjoonauth on 071 223 9522 or (021) 425 8822 or firstname.lastname@example.org and visit www.claremart.co.za