1392 m² Commercial space in South Beach

R 45 000 000

50 Beds

Can I afford this?

Floor Area 1392 m² Rates R 11916

All entrepreneurs this is for you: a hotel in Durban CBD.

This building will be sold as an unoccupied building, with no guaranteed revenue, unless you have a contract with a Student centre

In order for a student contract to be granted, the Student centre eg: UKZN, DUT etc..

will require an inspection.

So in advance, the deal is an outright purchase of the building, and then to refurbish the building at an estimate further million above the selling price..

This hotel in Durban CBD boasts 62 bedrooms, 62 bathrooms, a bar area, shop, office and reception area, bottle store, kitchen and laundry area.

And what's more there is 300 student accommodation at R2500 per student offer available from UKZN which will be passed on to buyer.

A real great investment for any entrepreneur.

Give me a call today!

Key Property Features

Bedrooms

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Machelle Henning- Walker Principal

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Machelle

Henning- Walker Principal

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Interest at 7.25% for 20 years

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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.