Landmark Pe Hotel On Auction

EmailEmail Print Share

11 Jun 2007

On the fall of the hammer on June 12, Port Elizabeth's landmark Seaview Hotel will change ownership – possibly to an international buyer.

And as this occurs, this highest bidder will become owner of not only a hotel complex with a rich cultural history but also 1, 8 hectares of prime land with breathtaking ocean views.

Built more than 70 years ago, the Seaview Hotel has been a popular venue for lavish banquets, weddings and dinner dances, says mandated auctioneer Duncan McLaggan of McLaggans Nationlink in Port Elizabeth.

McLaggan, who will also be auctioning the contents of the hotel on site on Friday 15 June, says interest in the property is high, not only from locals but also international bidders who are well aware of the value of property that sits on the shoreline of the Sunshine Coast.

Built on the instruction of Sir Lewis Richardson who sadly died two years before its completion in 1935, the hotel complex today comprises eight apartments, 27 hotel rooms, nine bungalows, six conference rooms, 18 staff rooms, a restaurant and a public bar.

In 2002, it was bought by Dutch-born Bob Deronde, whose subsequent ill health resulted in its doors closing for business at the beginning of June this year, heralding the end of its existence as a going concern.

Aside from the hotel complex, McLaggan's company will also be auctioning four adjacent properties. Three are vacant stands measuring around 1 300 m2 while the fourth is a plot of approximately 1 100m2 with a building that was once the local hardware store.

Says McLaggan: "These properties offer massive opportunities located as they are within 500m of the sea. They also have 90 percent uninterrupted sea views as a result of sitting on sloped land."

Their appeal has elicited enormous interest from developers keen to explore the viability of a cluster development. "There is huge demand for sectional title units in the Seaview area," McLaggan says, noting that selling prices of two bedroom, one bathroom units now range from R600 000 to R800 000.

Without wanting to forecast the future or final selling price of the Seaview Hotel, McLaggan says one thing is sure: the new owner will not only have a five star residential property but also a host of lucrative possibilities at their fingertips that in turn could bring a new era of glamour to Seaview. – Ingrid Smit

For more information contact Duncan McLaggan at 041 363 5895 / 082 800 2338

Readers' Comments
Have a comment or question about this article? Tell us about it..

Looking for a new home?
To find a property to buy, visit Find a Property and view listings of properties in all areas. Check out the PropertySPI and get an affordable online report on actual sold prices of properties in your area.

Property News
Click here for more property news articles or sign up now for our free news SMSs twice a day.

Need a blog?
Start your own blog with a free blog from

Similar Articles

Comprising 2 000sqm and 29 shops, Blouberg Mall in...

A double-storey home situated in the leafy, tranquil...

Hailed as the ‘Mountain Mecca’ of the Cape, Montagu is...

View all articles

Top Articles

Located between Cape Town and Cape Point, Hout Bay offers...

Allergies are notorious for causing itchy eyes, sneezing...

Are you a sophisticated, modern professional ready to get...

View all articles
Top Articles
05 Feb 2016
Are you a sophisticated, modern professional ready to get a foothold in ...
05 Feb 2016
Comprising 2 000sqm and 29 shops, Blouberg Mall in Kareedouw in the East...
05 Feb 2016
Fine & Country Zimbabwe recently opened a new office in Borrowdale, an u...
05 Feb 2016
We think of lavish mansions adorning the mountain slopes, but you can st...
04 Feb 2016
Buying hotel apartments either to place in a rental pool or for personal...
Get the latest property news.
Select your options:

Your browser is out of date!

It looks like you are using an outdated version of Internet Explorer.

If you are using Internet Explorer 8 or higher, please verify that your Internet Explorer compatibility view settings are not enabled.

For the best browsing experience, update to the latest Version of Internet Explorer or try out Google Chrome or Mozilla Firefox.

Please contact our Property24 Support Team for further assistance. Tel. +27 (0)861 111 724