1116 m² Commercial space in Point Waterfront

R 17 950 000

Craig Murphy

PWR Industrial & Commercial

1116 m² Commercial space in Point Waterfront

R 17 950 000

Floor Area 1116 m²

PRIME POINT WATERFRONT DEVELOPMENT OPPORTUNITY!!!

This is a comprehensive information pack for this valuable, well positioned, commercial accommodation property, which includes a total development bulk of 8,928 m2, PLUS the zoned future development rights that are for sale, along with the accommodation structure that is own the property and the business assets!!!!!!

DEVELOPMENT SITE DETAILS & PRICING

Zoning : General Business (Central)

Footprint 1116 m (comprises 4 portions)

FAR : 8

Coverage : N/A

Maximum Height : 110 m (see attached zoning certificate)

Bulk : 8,928 m @ R1,750 / bulk m2 = R15,624,000

Structure & Assets : R2,876,000

TOTAL SELLING PRICE : R18,500,000 + VAT

(Selling Price includes all assets (VAT registered - can be zero rated)

This could be ideal property for your student accommodation, as it is well located on bus routes and is not too far from the UKZN & DUT Campuses.

The property, which is exceptionally well located at the very entrance to the exciting new Point Waterfront Precinct, has operated as The Happy Hippo Backpackers Accommodation hotel, which has been awarded numerous Tourism Awards over the years (see below).

Situated within walking distance of Durbans best beaches, the new beachfront promenade and on the doorstep of the UShaka Marine World, allows guests easy access to many of Durbans holiday attractions, without the need for transport.

Taxi, bus, train and air transport are all easily accessible from the property, with the airport shuttle bus from the new King Shaka airport picking up and dropping off at the property, if required.

It is also serviced by the Baz Bus, which operates as a cheaper form of travel for International and local tourists alike.

Importantly, it is also located right on the cities people mover bus route, allowing easy access to all parts of the city, including the CBD, the ICC, DUT, the sports stadiums and the beaches,

This successful business has been run as a Proudly South African operation, with bright ethnic colours being used throughout and every room and space being decorated differently in ethnic finishes.

PROXIMITY TO UKZN & DUT EDUCATION INSTITUTES + TOURIST DESTINATIONS

The property is also very close to the CBD of the city of Durban and is also very close to the harbour, the beachfront promenade, the International Convention Centre (ICC), the Point Waterfront Precinct, numerous local tourist destinations PLUS it is also only 5,4 kilometres (11 minutes) from the Durban University of Technology (DUT) and 9 kilometres (13 minutes) from the UKZN Campus.

NB. Interestingly enough, there are a number of student accommodation buildings very close to the property, 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.

LODGE DETAILS

Room Details

Total Rooms : 24

Room Breakdown :

Single Bed Rooms : 19

Double Bed Rooms : 5

En-suite Rooms : 9 NB. The en-suite rooms are included in the total number of rooms above.

En-suite room breakdown :

1 triple

4 double

4 twins

Communal Ablutions

Ladies Includes :

4 showers

4 toilets

4 basins

Mens Includes :

1 private full shower, toilet & basin

2 toilets

2 showers

2 basins

Facilities

Fully licensed pub & Entertainment Room

Rooftop Entertainment and Garden Area

Rooftop Ablutions:

oLadies : 4 toilets & 3 basins

oMens : 2 urinals, 2 toilets & 2 basins

2 Communal Lounges

Entrance Reception Area

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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

1116 m² Commercial space in Point Waterfront

R 17 950 000

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