Shelley Point Hotel
The original erf 2814 was subdivided into 2 Plots. The total size is ±20,000m².
5433m² = erf 5641. The hotel rooms in Block A and Block B and the Restaurant in Block D was constructed on this portion of the plot.
5242 m² = erf 6668. The Main building and club house is constructed on this Plot.
The Hotel is situated in the centre of the Shelley Point development. This development comprises 300 plots, all sold, with a spectacular 9 hole links golf course meandering throughout and offering 5 km of pristine beaches at less than 160 km from Cape Town. From Cape Town, visitors should take the R27 West Coast road and turn off to Vredenburg. At first robot in town, turn right towards Velddrif. Continue until you see the St. Helena / Stompneusbaai road sign. Turn left and continue through St. Helena to Shelley Point.
3) THE IMPROVEMENTS
The Hotel and Spa comprises of:
88 rooms (including 2 guest villas) 4-star quality. The Sizes ranges from 57m² to 68m² each per apartment and 130m² per villa. All rooms are elegantly and stylishly furnished to fit the lifestyle of the rich and famous. The emphasis is on privacy and comfort. The rooms consist of studio suites or mezzanine suites with a loft bedroom, backed up by the space and comfort of a lounge and designer bathroom, satellite TV and remote-controlled air-conditioning
This Main building accommodates a health & beauty spa which has treatment rooms, a beauty salon, wet rooms, a relaxation area, a gym and a jacuzzi. There are also 3 conference rooms with a variety of configurations to seat a max of 200 people in a cinema style setting. There are Restaurant including bar facilities, pizza oven and fully equipped kitchens.
Furthermore, this Hotel which has a Mauritius/Maldives appeal, has a 2 swimming pools- the one is a beautiful blue over flowing swimming pool surrounded with lots of tables and chairs, couches and deck chairs. The second pool is a beach type swimming pool with its own bar area is within a short walk from the main swimming area.
The Lodge also has the following:
* Reading room
* Golf Club house and Pro Shop
* 2 Tennis courts
* Bowling green
* Undercover parking basement 95 bays
* Open parking 60 bays
4) WATER SUPPLY:
The Water supply comes from the Municipality
The Lodge’s Electricity supply is from ESKOM
6) ABOUT SHELLEY POINT:
A short distance from the hustle and bustle of the City of Cape Town, one of the top international destinations of the world, lies the idyllic paradise of Shelley Point. Shelley Point was designed for the discerning investor. Shelley Point is a first-class private prestige development in the bay of St Helena.
St Helena Bay has more than 18 exclusive bays fed by the nutrient rich Benguela current making it one the world’s most prime fishing areas. Endemic Heaviside’s Dolphins, as well as Dusky and Common Dolphins visit the bay in search of food and the calm water gives shelter to the Southern Right Wales that come to mate and calve during the second half of the year. Humpback and Killer Whales are also frequent visitors. After good winter rains the veld comes alive with the vibrancy of spring colours brought about by the wild flowers.
The vast open landscapes, array of fauna and flora, delectable seafood, breath-taking azure-blue waters and pristine white sandy beaches makes Shelley Point the sanctuary of tranquillity and peace.
SPA - The Shelley Point Spa offers and array of soothing spa treatments in a tranquil and relaxed setting which includes among others facial therapy, manicures & pedicures, deep tissue treatments, body therapy, mom – to – be treatments and more. Facilities consists of a Hydro Spa, Sensation showers, Jacuzzi, Indoor cool plunge pool, Sauna, Steam Room and 4 Treatment Rooms (2 single & 2 dual).
9-Hole Golf Course - The Shelley Point Country Club boasts one of the country’s finest 9-hole links golf courses. The course winds its way through the lush peninsula and is the only course in South Africa to be irrigated by a desalination plant.
Hiking - The veld comes alive with the vibrant colours of spring wildflowers. A birdwatcher’s paradise with an abundance of migrant waders, water birds, and strandveld birds.
Biking - Cyclists can test their skills in surrounding hills and gravel road close by.
Other - A 6 rink bowling green, 2 tennis courts, running trails, beach walks and a fully equipped gym completes the experience. A kiddie’s club takes care of the little ones during the day allowing you the freedom to explore and to enjoy the peace and tranquility you deserve.
8) SELLING PRICE
This prestigious hotel with a replacement value of more than ZAR 240 million. This hotel is privately owned and the owner wishes to retire hence the lucrative offer. The owner is approachable for offers within reason.
Price: ZAR 85mill (This price excludes VAT should it be payable)
This 15 hectares is bordering the West Coast beach front and is less than 160 km from Cape Town. From Cape Town, visitors should take the R27 West Coast road and turn off to Vredenburg. At first robot in town, turn right towards Velddrif. Continue until you see the St. Helena / Stompneusbaai road sign. Turn left and continue through St. Helena to Shelley Point.
3) THE DEVELOPMENT RIGHTS
899 Sectional Title Apartment opportunities with a small Boat Harbour Development
It is a common fact that as a residential development progresses, the properties becomes higher density, for which the client pays much more per square metre, as opportunities decrease. Indeed, it will be a travesty if one should not pursue the development of the 899 apartments, on the most valuable and aesthetic pleasing final part of Shelley Point, because we are nearing that saturation point.
The following is an estimate of the profitability of the Small Boat Harbour Development. Please bear in mind that the whole world, including South Africa, had a property recession for the last 8 years and a turning point should be near, an excellent time for investors to secure blue chip property, at an excellent price for the future.
5) FINANCIAL VIABILITY
899 apartments have been approved on the approximately 15 hectares on the landward side of the Small Boat Harbour. Approval for the break water with two islands comprising 90 opportunities have recently been approved by the Department of Environment and Tourism. It is also important to note that the possibility exists for the number of units to be increased from 899 to 1200 or more by adding another storey. For the purpose of this viability study, we will keep to 899 apartments
For the simplicity and a quick assessment of the profitability of the land, I will make the following assumptions:
Apartment size -average 140m² including:
- 2/3 bedrooms
- 2 bathrooms
- Double basement parking
- Building cost-R 7,000.00 excl. VAT per square= R 980, 000.00
Selling Price Per Unit R 1,980,000 each x 899 = R 1,780,020,000
Gross Selling Price R 1,780,020.000
Less VAT R 218,598.000
Less Building cost (R980 000 x 899) R 881,020,000
Less Civils (899 x R50 000) R 44,950.000
Less Commission (899 x R50 000) R 44,950,000
Less Capital Contribution (R30 000 x 899) R 26,970,000
Profit before interest and tax R 563,532,000
Bear in mind, many apartments will be beach front or have sea views and the apartments on the islands will pay for their construction cost and of the breakwater.
It is important to note that the sale of this property will be subject to a director's decision, to be made once a genuine offer is presented.
It is important to emphasize that your world class hotel with a replacement value of millions will soon add a 30 to 50% appreciation to all properties in Shelley Point. This is an opportunity, "dare I say", you cannot let slip away.
6) SELLING PRICE
This 15ha with Development rights is for sale ZAR 150 mill (This price excludes VAT should it be payable)