Type: Hotels for sale
Agent: Raymond Johnston
Company: The Miracle Property Group
Price: ZAR R 0
Featured: Yes

Hotel and Spa Site

St. Francis Bay Hotel and Spa is a luxury new 72-apartment 4-star hotel, which will be erected in an exclusive seaside resort at the gateway of the Garden Route. The picturesque holiday town of St. Francis Bay, where whitewash and thatch rub shoulders with Sardinian-style red-tile roofs, lies among beautiful green-clad dunes. The site is situated in the centre of one of the fastest growing holiday resorts in Southern Africa. The hotel site offers spectacular views of the Indian Ocean and the Kouga Mountain Range. It offers excellent surfing- and swimming spots on unspoiled sandy white beaches that stretch for more than 2km. The 32 Luxury Suites and 40 Dune Suites are being sold to investors individually on a sectional title basis and the purchaser will be the sole owner of the suite, while it will be run as a 4-star hotel by Kings Leisure Group. Rental Pool participation is activated at the discretion of the hotel suite owners and is designed to afford investors and up-country holidaymakers the opportunity to earn an income from their suites when not in residence. The purchaser shall be entitled to use his section, free of rental, for 28 nights per year. The land price is R20 million The total development is offered at R95million (incl land)The development will also receive,between R13 mill- R14 mill incentive from government.(tourism)