23/07/2019
Durban roughly 200 metres from the beach is being marketed as a going concern in the holiday accomodation sector. A well performing unit with an accomodation management company which is well settled allows the investor to manage this unit from anywhere at anytime as the managing agency lists the unit on a cloud management system with multiple holiday accomodation platforms such as Expedia, Afristay, Rooms for Africa and other well known booking platforms. The unit has been providing a gross return of roughly R103k per annum with off peak acoomodation at R750 per night and peak season bookings as high as R1200 per night. The investment is being sold with management and all bookings. The accomodation comlex has a wide variety of facilities such as pool, bar and restaurant and open gardens just to list a few which are all maintained and covered through monthly levies. The apartment complex is called Parkview Court which used to be the old Parkview hotel therfore giving it a known location and exposure.
