KwaZulu-Natal’s north coast is the new playground of the rich and famous, but nowhere is this more apparent than in Umhlanga, where hundreds of millions in new capital investment is seeing the town become a powerful regional business hub.
The dual prongs of a substantially growing tourism industry and the entrenchment of Umhlanga’s status as the new regional commercial centre in the province makes the Teremok Marine Lodge, just one block back from the ocean on the affluent Marine Drive, the perfect investment for anyone wanting to relocate to paradise and take over a successful going concern.
The eight-suite boutique hotel, just down the road from the Oppenheimers’ coastal home, offers the last word in luxury and is the sort of business opportunity that rarely comes to market, says Joff van Reenen, Lead Auctioneer and Director of High Street Auctions that will be selling the property on November 29.
“Teremok is perfectly situated on the tropical belt of KwaZulu-Natal, nestled amongst the palm and giant Milkwood trees of Umhlanga Rocks.
“The name Teremok translates from the Russian word for 'little hideaway' and this property is a feast for the senses. All of the eight en-suite bedrooms are unique in design, layout and feel with small subtleties such as individual scent creating an enchanting atmosphere punctuated by handcrafted ceiling fans, air-conditioning and private balconies,” says Van Reenen.
“The suites are completed by open plan bathrooms that are the final word in luxury with large rain-dance showers, freestanding baths, double basins and separate toilets with bidets.”
Van Reenen says the peace and seclusion of the airy dining room provides the feeling of being in a modern day tree house, while the living areas that are scattered throughout the property provide comfortable recesses for indulgence and overlook a beautiful landscaped garden.
Open to outside clientele, there is an exquisite Day Spa employing highly qualified master therapists. The spa’s full range of face and body treatments provides the owner with a further income stream.
“Private buyers may choose to convert the Day Spa into a self-contained Guest Cottage which could be done by simply replacing the furnishings, but what makes this property such a particularly attractive investment is that it’s being sold as a going concern including all assets of a non-personal nature.
“Since it currently runs at more than 75% occupancy with very little advertising, the potential to grow this five-star business is huge. Teremok’s guest register comprises both executives and well-heeled leisure travellers, which means it also stays busy year-round rather than just during holiday periods,” says Van Reenen.
Teremok Marine Lodge comprises an extremely generous piece of prime real estate, more than 3 000m², in Umhlanga Rocks and it is only a short distance from the retail and entertainment hub of the Umhlanga Gateway of Shopping. The boutique hotel occupies just under 1 000m² of the property.