Retail space in Windermere

R 44 750 000

Barry Sparks

Pam Golding Properties-North Durban

Retail space in Windermere

R 44 750 000

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Land Area 2090 m²

PRIME PROPERTY AND HOTEL FOR SALE FOR R44 750 000. This building comprises of 3717 sqm and is situated in the popular and sought after Florida Road which houses some of Durban's finest restaurants. Most of the ground floor is leased by 3 well known restaurants and the leases have just been renewed for a further 5 years. The hotel also has a lease but is being sold as a going concern together with the property. The hotel has its reception on the ground floor and 39 rooms on the 1st and 2nd floors. All 39 rooms are en-suite with full guest room amenities. The hotel has Wi-Fi, CCTV monitoring, security, bar, room service and laundry service. The hotel is a 3 Star Hotel and has a liquor licence as do the restaurants on site. Occupancy rate currently 70%. The hotels position makes it very attractive to businessman and leisure guests visiting Durban.There is a lower ground unused facility of 500 sqm which comprises a kitchen, bar and toilet facilities and has been earmarked for a potential conference/function room. 20 parking bays on site.

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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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Retail space in Windermere

R 44 750 000

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