Incomplete Hotel Development to fall under the Hammer

Posted On Sunday, 22 September 2013 22:30 Published by Commercial Property News
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The property consists of a partially built hotel development in Blue Water Bay, Port Elizabeth

Blue Water Bay Hotel

Aucor South have been instructed by the joint liquidators to submit the following property development to auction.

The property consists of a partially built hotel development in Blue Water Bay, Port Elizabeth. The proposed development would have encompassed 40 suites, a swimming pool, gym, health spa, restaurant and conference facilities.

“The development ran into financial trouble and was eventually liquidated and now Aucor have been instructed to sell the property.” comments Vincent Moss.

The extent of the land is 7874 sqm, which makes it one of the largest available properties in the area. Blue Water Bay is situated very close to the new Koega Deep Water Harbour development as well as its associated industrial zones, making this a prime investment for development opportunities. 

The auction will take place on Tuesday 01 October 2013 at 11h00 onsite at Bluewater Drive, Whales Way, Bluewater Bay, Port Elizabeth. Viewing will be arranged by appointment only with the auctioneer.

Last modified on Sunday, 22 September 2013 22:38

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