Peoples Post False Bay 22-02-2011

Page 1

Cherri Catering Hire

“For all your function equipment hire”

CONTACT: Tel/Fax 021 785 7216 email: cherrich@telkomsa.net

www.cherricateringhire.weebly.com

E-mail: post@peoplespost.co.za

Tuesday 22 February 2011

Tel: 021 713 9440 Fax: 021 713 9481

PRIME PROPERTY: The Glencairn landmark and century­old building boasts uninterrupted sea and mountain views.

Photo: Supplied

Glencairn hotel under hammer Glencairn Hotel (Pty) Ltd, while the businesses are held by the operating company, Southern Right (Pty) Ltd. The property owned by Glencairn Hotel (Pty) Ltd is up for auction on 18 March by Greeff Properties. Frans Hollenbach, the majority shareholder in Glencairn Hotel (Pty) Ltd and Southern Right (Pty) Ltd, says the liquidation is a separate matter from the auction. “This is not a forced sale.” Hollenbach says Southern Right (Pty) Ltd applied for liquidation, because the business “did not make money”. “We tried hard, but could not make it.” The lodgings, restaurant and bar are currently operating under the names The Glen Lodge and the Glen Pub, subject to the liquidators’ approval.

DALEEN FOUCHÉ

T

HE company responsible for the operations of the Southern Right Hotel, bar and restaurant, Southern Right (Pty) Ltd, applied for final liquidation earlier this month. The owners say the business is not profitable. The hotel, a landmark in Glencairn, is over a hundred years old with heritage rights protecting the building from being demolished. The Southern Right Hotel property and surrounding property are in the name of the holding company,

Hollenbach says Glencairn Hotel (Pty) Ltd is auctioning off its properties because there are development rights on the properties with development potential, which he will not be utilising. “I am no developer,” he says. Hollenbach says Glencairn Hotel (Pty) Ltd will consider taking on new leases to operate the restaurant, bar and hotel. The Southern Right Hotel property and surrounding properties, were placed on the market in October last year for R24 million (“Southern Right Hotel for sale”, People’s Post, 5 October 2010) . The land includes four distinct development opportunities. Portion A is the hotel, which is 2 254 m² and is zoned for business. This includes a large parking area. Portion B measures 1 399 m² and is zoned for 10 residential apartments.

Portion C is zoned for business. Six apartments and 400 m² of retail space could be created on the 1 074 m² property. Portion D consists of five separate single residential sites of between 558 m² and 654 m². The selling price for the properties is R24 million, with the hotel and the vacant land going for R12 million and the commercial node for R12 million. The land is packaged to be sold as a whole, but the owners might consider selling off the two pieces separately if offers are satisfactory. The property was put up for auction in 2008, but the owners did not accept an offer of R18 million at the time. The hotel has been a prominent feature of the False Bay coastline since 1904 and has over the past century been known as the Glencairn Hotel and the Just Nuisance Inn.

In 2004, a century after it was built, it was reopened as the Southern Right Hotel . . Meanwhile, the building in First Avenue, Fish Hoek, previously known as the Avenue Hotel, is also going under the hammer on Wednesday 23 February at the ballroom in the Mount Nelson Hotel. The auction will be handled by the Claremart Auction Group. The Avenue Hotel was liquidated on 30 September last year when the landlord of The Avenue Hotel terminated the existing lease in the name of The Avenue Hotel (Pty) Ltd (“Avenue Hotel in liquidation”, People’s Post, 9 November 2010). Mike Baigel, the auctioneer from Claremart Auction Group, says there has been a lot of interest in the building, previously known as the Avenue Hotel. Baigel would not comment on the going price of the building.

Comforter Sets - Includes Pillowcases/s

Throws

139 R 169 R 179

3 Quarter Assorted Colours

from only

PRE-STOCK TAKE CLEARANCE SALE 22nd FEB - SAT 5th MARCH DIEP RIVER OPEN UNTIL 8pm ON THURS 24th FEBRUARY ALL STORES ARE OPEN UNTIL 2pm ON SATURDAYS

NEW

R

69

now only

R

95

each

Selected Designs

Double 200 x 200cm Includes 2 pillowcases

R

Pillowcases

3

Printed Standard 45 x70cm

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R

95 each

119

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G re at P ri ce

95

each

Selected Designs

R

Flat Sheets

59

129

R

Drip Dry - Polycotton

95

each

Slightly Imperfect

95

each

Selected Designs

R

Quilted

25

now only

139

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R

95

each

Selected Designs

Standard 45 x70cm

95

each

Double Bed

now only

Queen Size

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Includes 2 pillowcases

King 230 x 220cm Includes 2 pillowcases

Pillow Protectors

Double 230 x 250cm

now only

R

Includes 2 pillowcases

Queen 230 x 200cm Includes 2 pillowcases

now only

95

each

Ideal for Couches or Beds

Printed Duvet Cover Sets Single 130 x 200cm Includes 1 pillowcase

89

now only Includes 1 pillowcase

Towelling

19

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R

95

each

Slightly imperfect

Waterproof

29

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R

95

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100% Cotton. Assorted Designs

R

19

DIEP RIVER (021) 707-5500

95

each

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each

Bath Towels

Bath Mats now only

95

each

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24

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R

Assorted Colours

95

each

100% Cotton

MONTE VISTA (021) 558-0445

ial S p efcf e r O

BELLVILLE (021) 946-1900

cnr De Waal & Princess Vlei Rds

Old 7 Eleven Building, 14 Monte Vista Boulevard

ATHLONE (021) 696-7053

MITCHELL’S PLAIN (021) 391-1002 SOMERSET WEST (021) 852-4482

cnr Klipfontein & Old Klipfontein Rds

Polka Square Unity Centre, Town Centre

14 Northumberland Rd, Oakdale

9 Noble Str, Builder’s Warehouse Lifestyle Centre


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