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Landmark
Hotel, premier holiday destination.
On
offer is a renowned landmark hotel, in the premier holiday
destination
of
Margate.
Exceptionally
centrally located, literally all amenities are within easy
walking
distance,
this includes Margate's Golden
Mile beach.
In
addition to its ideal location, the present owners for the last
20 years, have
created
a welcoming ambience well supported by the locals for all manner
of
social activities.
Within
easy driving distance are several professional golf courses,
diving and
fishing
spots and nature reserves.
It
goes without saying the region is renowned for its year round
sub-tropical
climate
and long sweeps of pristine coastline.
The
hotel is spread over two stands and the property comprises as
follows:-
1)
The residential stand plays host to a double storey building
comprising of
2
flats. the top flat measures 100sqm plus a balcony of 13sqm.
This is used
by
the present hotel owners as their residence.
The
lower flat measures 86sqm, and is an ideal permanent letting
option.
The
entire extent of the residential stand is 1013sqm.
2)
The hotel stand comprises 3 hotel buildings. The main building
with an annex
building
adjoining the main building, plus in a separate building, the
dining room,
kitchen
and staff quarters.
Set
in established sub-tropical gardens is a swimming pool, kiddies
paddling pool
plus
rondawel.
The
main building is double storey, the annex is part double storey
and part
single
storey. Together they off 30 rooms (some converted to
storerooms),
bathrooms
and toilets, hotel reception, private bar with 5 gambling
machines
and
pool room, hotel office, beer garden, a public bar and games
room.
The
public bar boasts direct access from street level.
The
separate single storey building accommodates the dining room
with bar,
the
kitchen and adjoining cold room and staff quarters.
Gross
floor areas are as follows:-
Main
building 915sqm (ground and 1st
floor)
Verandah
50sqm
Annex
610sqm (ground and 1st floor)
Dining
room, kitchen and staff 239sqm
Cellar
(storage) 117sqm
The
stand is 4923sqm in extent.
Town
planning zoning applicable to hotel stand as follows:-
Use
zone: (existing) General Residential 2.
Height
restriction: 6 storeys
Coverage:
50%
Floor
area ratio (FAR): 0,75
A
rezoning application is currently under consideration by the
Municipality.
The
use zone and applicable conditions applied for cover both stands
as
follows:
Use
zone: General Commercial/ Residential
Height
restriction: 6 storeys
Coverage:
75%
Floor
area ratio (FAR): 1.25 (residential 0.75)
A
full inventory will be supplied on request.
Additionally
the following certificates are in order:
Electrical
compliance.
Business
license.
Gas
certificate of compliance.
Fire
and safety certificate.
Pest
control certificate.
Liquor
license.
Additional
information will be available on request.
After
the above deluge of information, the most attractive and relevant
factor
is the solid history the establishment share with the community
and
town.
A
genuine opportunity to own and run a renowned establishment.
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