Property Details
SOLE MANDATE
This is ideal for holidaymakers who want to enjoy the beautiful George and Garden route and an affordable alternative to owning your own holiday home where you can enjoy 28 free days a year in the luxury of a spacious hotel room. No property maintenance costs, service fees, security costs, etc that accompanies ownership of your own freehold property comes with this unit.
The property comprises of a hotel room with two double beds, en-suite bathroom and all the furnishings normally expected in a hotel room. The backdoor opens onto a patio where you are greeted with magnificent views of the Outeniqua mountains. A communal swimming pool and grassed garden complete your facilities. You have access to the Hotel which boasts a restaurant, bar and lounge facilities. The golf course is a few hundred metres away from your room and is one of the best golf courses in George and its surrounds.
Amenities in close proximity include George Eden Mall, Eden Meander and many other smaller shopping centres. George has many activities to offer, too many to mention, but includes scenic drives, farming visits (like the Red Berry farm), wine cellars, game farms, etc. Off course, the golf courses can keep you busy and Fancourt, Oubaai, King George, Kingswood, etc. are all a stone throw’s away. Activities for the kids abound in this area. George is a perfect home base to visit the endless beaches of Wilderness, Mossel Bay and Victoria Bay as well as Kaaimans River close by. The Garden route becomes your playground and day access to most of the garden route, down to Stormsriver is possible. Hangliding, whale watching, forest hikes, fishing, boat trips, etc are all on the menu.
The property becomes your own through Sectional Title ownership but is managed by the Marriot hotel group, one of the largest of it’s kind in the world.
Marriott has just acquired the property from the Protea Hotel group and major improvements/maintenance is currently underway in the main building.
Maintenance includes a comprehensive upgrade every 3 to 5 years, which includes new television sets - all to keep the property relevant.
Rental risk is diversified whereby the income of all properties rented out, goes into a pool and income is then divided pro-rata between all owners. Even if your unit is not utilized, you share in the income. The Body Corporate distributes 65% of all net distributable income to owners of units. The weight and popularity of the Marriot group work in your favour and visitors know what level of service to expect.
On top of the rental income, you are also entitled to 28 days per annum, whereby you can utilize the unit free of charge (A nominal cleaning fee is the only cost for your pocket). These days do not have to be continuous and you can choose to take them in shorter periods (weekends), days, or long holidays. The last benefit from this property is the Capital growth in George and the surrounding areas and current estimates remain at 6 - 10% per annum, by far outweighing the growth in the rest of the country.
2 X DOUBLE BEDS, 2 X SOFA CHAIRS, CHEST OF DRAWERS, WALK-IN CLOSET, STUDY DESK, TV, DSTV, COFFEE/TEA STATION/ MINI BAR FRIDGE AND SAFE PARKING.