1940 m² Commercial space in Durban CBD

R 28 000 000

Craig Murphy

PWR Industrial & Commercial

1940 m² Commercial space in Durban CBD

R 28 000 000

Floor Area 1940 m²

The building is well located, on Durbans main street, in the heart of Durbans CBD, in close proximity to railway, taxi and bus stations.The property is located within walking distance to 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 1,8 kilometres (5 minutes) from the Durban University of Technology (DUT) and 4,7 kilometres (6 minutes) from the UKZN Durban Campus.

The building comprises of a medical centre, clothing retailers, supermarket wholesaler, general dealer, cell phone store and a 36 bedroom hotel/lodge. Deal to be structured to separate assets from land and buildings

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

CURRENT ROOM CAPACITY

36 rooms - can currently accommodate 90 guests.

EXPANSION OPTIONS

Slabbed roof - can add 30 rooms

FEATURES

Retail stores are in high demand in the area.

Prime Advertising space of 20m along Durbans busiest street entering CBD.

Developed to target middle income earners as a hotel/lodge.

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.

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

cctv cameras 16

hotel door management system

signage

washing machine

airconditioning in office aree

Computer and equipment for hotel access control.

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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.

Find out more about Durban Central

1940 m² Commercial space in Durban CBD

R 28 000 000

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