Saturday, April 20

North Coast hotel to be auctioned

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The North Coast La Mercy Beach Hotel has a rich history in the area.

The North Coast La Mercy Beach Hotel is among lots for In2Assets’ major multi-property auction at the Durban Country Club on February 7 at 11am.

The hotel can sleep about 70 guests in 28 sea-facing rooms, including three family suites.

Luke Hearn, who is handling the sale for In2Assets, says the hotel has a rich history in the area.

“La Mercy Beach Hotel caters for banquets, weddings and conferences in three separate function rooms of varying sizes. The hotel has a high average occupancy level of 70%.”

The hotel’s electricity is solar-powered, backed by a 200kVA generator. There is also a 30 000 litre water tank on site. The lifts have recently been upgraded and all rooms have air conditioning. There is a restaurant, known for its curries, two public bars, extensive parking and staff accommodation.

The hotel generates additional income from four cellphone-tower leases, and rentals from a bottle store and betting establishment on site.

The sale will include the transfer of employees’ services.

For more details and viewing arrangements, contact Hearn at 0171 351 8138 or 031 574 7600 or email lukeh@insassets.com or visit www.in2assets.com.

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