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R157,500.00   05 Jul 17:18   yolandash01 (8)

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R155,000.00   5 Jul 16:12   ztpfinance (15 Rating score between 10 and 49)

R150,000.00   2 Jul 17:28   jil (279 Rating score between 100 and 499)

R50,000.00   28 Jun 20:55   Neux (100431 Rating score greater than 40000Verified User

R48,000.00   2 Jul 14:42   RoccoKriel53 (66 Rating score between 50 and 99)

R38,500.00   1 Jul 19:30   ThelmaBooysen11 (no ratings)

R33,000.00   30 Jun 13:36   keyser1 (69 Rating score between 50 and 99)

R28,000.00   29 Jun 22:00   GRvdM (115 Rating score between 100 and 499)

R25,001.00   28 Jun 21:55   dirculees001 (16 Rating score between 10 and 49)

R5,001.00   28 Jun 12:14   Taxempt (no ratings)

R2,501.00   28 Jun 10:03   BIRGITBEUTE71 (26 Rating score between 10 and 49)

Unit 219, De Oude Karos Wilderness Hotel Hot item!
bidorbuy ID: 69060111

Unit 219, De Oude Karos Wilderness Hotel

R157,500.00
Apartment   1   1  

1 Bedroom unit plus 1 Bathroom fully furnished

http://www.myroof.co.za/propertyDetail.asp?property_reference=MR58464



Situated within and part of the De Oude Karos Wilderness Hotel.

The Management Company of the Hotel has been liquidated and the Hotel is currently closed for business. It is unsure at this stage what the future of this Hotel is. Discussions by the liquidators and Body Corporate has resulted in two options. Either the cluster units be sold as part of the hotel to a prospective buyer or all cluster units be converted into their own sectional title under the sectional titles act. The first option would mean all 102 cluster owners must agree at a selling price and looks at this stage impossible.

The units was initially sold for R395 000.00 back in 2002 and market prices grew to around R800 000.00 per unit before liquidation of the Management Company.

This is a perfect investment for the risky investor as massive returns can be made. 

Ideal for guests travelling the Garden Route, this hotel is situated in the town of Wilderness and impresses with its quiet location and friendly service.??Set halfway between George and Knysna, Wilderness Resort Hotel offers countless facilities. Start the day with a swim in the outdoor pool. After a day of relaxing on the beach you can play a game of outdoor chess or miniature golf.??The wellness centre offers various spa treatments and includes a heated indoor pool. Have a sundowner on the balcony overlooking the lagoon. The restaurant serves a delicious buffet breakfast as well as dinners, ensuring you a hassle-free stay at the Wilderness Resort Hotel.


 

Terms and Conditions of this Auction:

1. The auction is subject to confirmation.

2. No outstanding levies, VAT, rates, taxes or transfer duty payable.

3. The Conveyancers will be Madeleyn INC in Durbanville.

4. A 5% deposit is payable to the Trust account of the Conveyancers on acceptance.

5. After the auction, a Deed of Sale will be emailed to the buyer that must be duly completed by the purchaser.

6. Bond approval gaurentees, if any, must be received within 21 days of the closing of the auction. 


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