1834 m² Commercial space in Durban CBD

R 28 000 000

Craig Murphy

PWR Industrial & Commercial

1834 m² Commercial space in Durban CBD

R 28 000 000

Floor Area 1834 m²

The building is well located in the heart of Durbans CBD, opposite the recently revamped Emmanuel Cathedral precinct in Cathedral Road, Durban and it is within walking distance from the Victoria Street market, which is a pick up/drop off point for the Bus Shuttle service doing the Suncoast, ICC, Marine Parade Route.

The property is also only 1,6 kilometres from the Durban University of Technology and 4,8 kilometres from the UKZN Campus.

Included in the sale, is approx. 100 m2 of prime land, currently used as parking that can be developed or sold. Slabbed roof for 20 additional rooms. Prime Advertising space of 30m alongside N3 entering CBD. 3 retail shops. Could remove 10 rooms from bottom floor and replace with arcade with 10 small shops, if required.

CURRENT ROOM CAPACITY

55 rooms - can currently accommodate 110 guests.

EXPANSION OPTIONS

Included is approx. 100 m2 of prime land currently used as parking that can be developed into more rooms, or sold. Slabbed roof for additional 20 rooms. Could remove 10 rooms from bottom floor and replace with arcade with 10 small shops.

FEATURES

5 ground floor retail shops,

10 parking bays on 100 m2 land.

Prime Advertising space of 30m alongside N3 entering CBD.

Hotel door lock access controlled system.

16 camera closed circuit with remote access function.

Ground floor has well designed reception area recently upgraded.

Laundry area has washing machine.

Common lounge area that could be converted into dining facilities.

56 x colour tvs + 1 x central dstv decoder connected to all rooms.

16 cctv cameras.

Hotel door management system.

Airconditioning in office and reception area.

Computer and equipment for hotel access control.

CURRENT ESTABLISHED TENANTS

Salon. Bridal Wear. Take-away. Advertising space R30000pm

SELLING PRICE : R28 million plus VAT : Selling Price includes all assets (VAT registered - can be zero rated)

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Experience Durban Central

Durban Central is a diverse, colourful neighbourhood that includes the beachfront areas, the Berea, Morningside, Glenwood, Musgrave and the CBD. The beach is the biggest attraction and locals flock the promenade to cycle, run, surf, swim, fish or just catch some sun. There are also incredibly lush parks and open spaces dotted around the neighbourhod for residents to take advantage of. The nightlife in Durban Central is exciting with numerous bars, pubs, restaurants and night clubs in close proximity to each other. As its name implies, Durban Central's location makes it convenient to get to any of the other areas around Durban.

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1834 m² Commercial space in Durban CBD

R 28 000 000

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