4260 m² Commercial space in Durban CBD

R 75 000 000

Craig Murphy

PW Realty

4260 m² Commercial space in Durban CBD

R 75 000 000

Floor Area 4260 m²

Metro Lodge Beach is also right in the CBD of the city of Durban and close to the harbour, the beachfront promenade, the International Convention Centre (ICC), the Point Waterfront Precinct, numerous tourist destinations and it is also only 3,6 kilometres (8 minutes) from the Durban University of Technology (DUT) and 7,2 kilometres (11 minutes) from the UKZN Campus.

NB. Interestingly enough, there are a number of student accommodation buildings very close to the Metro Beach Lodge, that have current contracts with UKZN.

The one that was recently sold is in Rutherford Street and this particular building is 4,6 kilometres (10 minutes) from the Durban University of Technology (DUT) and 7,5 kilometres (11 minutes) from the UKZN Campus.

SELLING PRICE : R75 million plus VAT : Selling Price includes all assets (VAT registered - can be zero rated)

CURRENT ROOM CAPACITY

- 3 upper floors with 110 bedrooms.

- Hotel consists of of double and family rooms.

- All rooms have en-suites, tv's, beds and fans.

- Entire building could accommodate approximately 400 guests.

EXPANSION / STUDENT ACCOMODATION

- The first and second floors could be extended.

- These could serve as conference, study areas or dining facilities, or alternatively as additional rooms.

- The entire building could comfortably house approximately 400 students.

- The reception area is well kept, however, fresh decor will certainly increase turnover.

RETAIL COMPONENT

- 7 retail shops

FEATURES

- The building, is well located, on a highly visible, busy intersection at the corner of West Street (Dr Pixley ka Seme) and Brickhill Road (Sylvester Ntuli), Durban.

- It is less than 300m from the Golden Mile, the magnificent promenade and our wonderful beaches.

- The building comprises a ground floor, complete with retail shops and 3 upper floors of hotel accommodation.

- The ground floor consists of the hotel reception area, 2 franchised food outlets, Debonaires & Chicken Licken, a hair & beauty salon, a superette, a retailer, an internet cafe & an ethnic restaurant.

- All the retail tenants are established and have been there for over 4 years.

- The upper 3 floors consist of a 110 bedroom hotel, comprising double and family rooms.

- All rooms have en-suites, tv's, beds and fans.

- Remote access state of the art CCTV.

- Hotel door lock sysytem.

- Computerised check in and out management system.

- Heat pumps for energy efficiency.

CURRENT TARGET MARKET

- The owners have invested substantial resources into this hotel and create a financially viable and well operated hotel.

- The target market is the tourist seeking, clean, safe and reasonably priced overnight accommodation.

- The model is similar to the Formula 1 Hotel concept.

SECURITY AND SAFETY

- On arrival, a friendly receptionist checks in the guests. The guest is then assisted to the room by staff.

- Trained security personnel man the entrance of the hotel and also monitors the CCTV screen.

- All common areas are monitored with a state of the art CCTV camera system that provides for remote viewing, meaning that management is able to view activities from home or other offices.

- Regular security patrols are done throughout the building to ensure the safety of guests.

FIRE AND EVACUATION PLAN

- Although the building is a smoke-free zone, the entire building is fitted with sophisticated fire monitoring system that monitors for the unlikely event of a fire.

- The fitment of this fire monitoring system had been done by a specialist company, CENTA HOLDINGS with the necessary qualification and certification. The installation had been inspected and approved by the Fire department.

- A detail evacuation plan and signage is in place to ensure quick response in the unlikely event of a fire.

CLEANLINESS AND HYGIENE

- A duty manager and cleaning staff ensure that the highest standard of cleanliness is met. All rooms are cleaned and made-up on a daily basis.

- All rooms have fans, whilst a many are equipped with airconditioners.

- Rooms are either fully tiled or carpeted. This was done to cater for requests from guests.

EMPLOYMENT

- The staff compliment is 4 receptionists, 6 cleaners, and 2 managers.

PARKING

- Pay parking facities managed by INTERPARK is with 50m of the hotel.

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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

4260 m² Commercial space in Durban CBD

R 75 000 000

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