OCEANIC HOTEL – ERF 66833 BANK STREET, WEST BANK, EAST LONDON

SCINTILLATING OPPORTUNITY FOR THE ENTREPRENEURIAL MINDED.

This is an absolutely outstanding opportunity to acquire a well-known and sought after piece of property with much East London history and massive potential for further development, improvement and income production.

This property spans the full length of a block and offers road frontage.

The ground floor consists of an entrance hall, manager’s office with ablutions, a large pub area leading onto a massive diner and an additional room to accommodate a pool table and 2 x further ablutions, plus a generator room.

Thereafter, a second pub exists geared for pool competitions with 3 tables.

Extras include a laundry/storeroom and 2 x toilets, cold room, separate double storey administration area with various sized offices.

The kitchen is fully kitted out with industrial equipment and a large pantry.

The large conference area now unused could be attractive to retail.

The North West corner of the property is occupied by the Hippo Pool bar (Third pub on the property), with a DJ booth, large bar, various bathrooms and a spacious dance floor which leads out to the swimming pool and braai area.

Outbuildings include 4 staff residence rooms, 2 bathrooms and 2 storage rooms /workshops.

Guest accommodation starts on the ground floor, the South wing includes 4 en-suite bedrooms, all fully furnished + 2 store rooms. Thereafter, up to 5 additional rooms inaccessible and blocked off at present and in various stages of construction.

The upstairs South wing has outstanding sea views and there are 5 en-suite rooms, 7 standard rooms, 2 family bathrooms and storerooms.

This property comes together with a liquor license and everything else included. The purchaser is responsible to attend to inventory on date of auction.

We look forward to your keen interest and participation on AUCTION DAY!