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R24,000,000

Hotel in central Durban with student accommodation possibilities

This hotel is currently trading as a bed and breakfast and student accommodation. Situated on one of Durban’s main commercial roads with high visibility. Ground floor consists of retail shops which has a high foot traffic, being in the CBD. The building is in close proximity to all amenities and is on the major transport routes.
Floors 1-4 consist of the hotel and is currently being leased by a bed and breakfast. This section has great potential for student accommodation.
Hotel has a total of 36 rooms at approximately 30 sqm per room.
There are 5 retail shops on ground floor and all fully leased because of the high foot traffic, being in the centre of Durban.

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Zoning:
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No
Sizes
Floor Size
3,225m²

Durban Central, Durban

Durban at a glance  Durban hailed as South Africa’s warmest city has been one of the country’s leading holiday destinations for many decades. A gateway to all that the sprawling and enthralling KwaZulu-Natal province has to offer. Which possesses a vast assortment of some of the counties most famed and regarded areas including untouched beaches and breath-taking mountains.  A brief...
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Vat @ 15%
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Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
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MONTHLY REPAYMENTS

 

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Monthly Payment

320,493.60

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