News > news - 30 Apr 2008

The Boathouse Hotel in Ballito on the KwaZulu-Natal north coast is currently on the market at R55-million plus vat. This beautiful retreat has a 4-star rating, is an AA Quality Assured Associate and is on sale as a going concern.


The profitable Boathouse Hotel is 15 minutes from the new international airport and 75 metres from the upcoming Ballito mini-CBD development, which is due for completion within the next 12 months. “The area boasts almost certainly the finest holiday accommodation venues and beaches in South Africa,” says John Phillips of Fine & Country South Africa.


The hotel which is right on the beach is built on over 4000m² of land; it has 19 suites and two penthouses with seven bedrooms of accommodation - a total capacity of 44 guests. The local municipality are eager for the hotel to be enlarged so as to further increase Ballito’s capacity to lure tourists away from the ever popular Umhlanga. The hotel has three conference rooms and is a renowned conference and wedding venue. The suites have selected satellite TV, air conditioning and telephone facilities. There are also two furnished lounges, a library, two restaurants and cigar bar. On average the hotel experiences 56% annual occupancy, excluding conferences.


“The KwaZulu-Natal property market has experienced a downturn in line with the national market, however the north coast has maintained a certain degree of buoyancy. This is likely due to factors such as the new airport, Ballito mini-CBD and incumbent job creation,” says Phillips.


He adds that Ballito is about to become the next mega-city in KwaZulu-Natal with over R100-billion worth of investment expected over the next several years. Currently there are an estimated 30 000 houses, several large hotels, shopping malls, industrial parks and the King Shaka airport in different phases of the development pipeline.


“Ballito is a well-known tourist destination and with the area’s increased development and its charming natural features, I am confident it has the potential to compete with Umhlanga for national and international tourists,” Phillips concludes.
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