R3,384,000
R3,384,000
Chips Van Tonder
An excellent investment and redevelopment opportunity in Nigel
An excellent investment and redevelopment opportunity in Nigel
An exceptional investment and redevelopment opportunity
The historic Dunnottar Hotel, located at 50 Nigel Road / 73 Porter Street, Dunnottar, Nigel spanning a consolidated 1,614m2 site with excellent exposure along the main transit route between Nigel and Springs. This heritage-steeped property features a versatile footprint optimized for a high-yield mixed-use conversion. The hotel is currently closed to overnight guests, and the majority of the internal space is being utilized by the ground-floor retail tenants for secure storage. Propertyrates for the asset are currently established at R6,146.63 per month.
Property Overview & Layout
• Ground Floor (Commercial & Functions Hub):
• Welcoming Entrance: Expansive foyer with 2 offices.
• Event & Function Facilities: A grand main hall for hosting large events, supported by men’s and ladies' bathrooms.
• Retail/Commercial Spaces: 2 prominent ground-floor function rooms currently generating active footprint as retail storefronts.
• Back-of-House: A substantial commercial-sized kitchen.
• Bonus Space: An additional enclosed room created from a selection of former parking bays.
First Floor (Substantial Residential Footprint):
• 23 Guest Rooms Total: Strategically laid out to accommodate student housing, a boarding house, or long-term multi-family letting.
• 10 premium rooms feature private en-suite bathrooms.
• 13 rooms utilize communal facilities.
• Communal Amenities: 2 large upstairs communal bathrooms (one equipped with a bath, the other with a shower).
• Architectural Features: Certain premier rooms enjoy direct access to private balcony spaces overlooking the area.
• Safety Protocols: Direct access to a structural exterior fire escape from the first level.
Exterior & Outbuildings:
• Central Courtyard: A garden sits at the physical centre of the hotel layout.
• Secure Vehicle Parking: 5 to 6 undercover parking bays, plus secure gated courtyard space accommodating an additional 5 vehicles.
• Additional Outbuilding Accommodation: 6 standalone rooms constructed directly above the undercover parking bays (currently non-plumbed, presenting an ideal shell for storage, workshops, or value-add utility space).
Value Proposition & Highest and Best Use
The property has recently been independently assessed by registered professional property valuers at a Market Value of R3,200,000.
Professional market analysis indicates that converting the upper level into multi-tenant long-term rooms, combined with the ground floor retail and venue facilities, represents the highest and best financial use for this asset. This strategy takes immediate advantage of strong regional demands for long-term rental accommodation and localized community retail hubs.
Cll today for your investor opportunity!
An exceptional investment and redevelopment opportunity
The historic Dunnottar Hotel, located at 50 Nigel Road / 73 Porter Street, Dunnottar, Nigel spanning a consolidated 1,614m2 site with excellent exposure along the main transit route between Nigel and Springs. This heritage-steeped property features a versatile footprint optimized for a high-yield mixed-use conversion. The hotel is currently closed to overnight guests, and the majority of the internal space is being utilized by the ground-floor retail tenants for secure storage. Propertyrates for the asset are currently established at R6,146.63 per month.
Property Overview & Layout
• Ground Floor (Commercial & Functions Hub):
• Welcoming Entrance: Expansive foyer with 2 offices.
• Event & Function Facilities: A grand main hall for hosting large events, supported by men’s and ladies' bathrooms.
• Retail/Commercial Spaces: 2 prominent ground-floor function rooms currently generating active footprint as retail storefronts.
• Back-of-House: A substantial commercial-sized kitchen.
• Bonus Space: An additional enclosed room created from a selection of former parking bays.
First Floor (Substantial Residential Footprint):
• 23 Guest Rooms Total: Strategically laid out to accommodate student housing, a boarding house, or long-term multi-family letting.
• 10 premium rooms feature private en-suite bathrooms.
• 13 rooms utilize communal facilities.
• Communal Amenities: 2 large upstairs communal bathrooms (one equipped with a bath, the other with a shower).
• Architectural Features: Certain premier rooms enjoy direct access to private balcony spaces overlooking the area.
• Safety Protocols: Direct access to a structural exterior fire escape from the first level.
Exterior & Outbuildings:
• Central Courtyard: A garden sits at the physical centre of the hotel layout.
• Secure Vehicle Parking: 5 to 6 undercover parking bays, plus secure gated courtyard space accommodating an additional 5 vehicles.
• Additional Outbuilding Accommodation: 6 standalone rooms constructed directly above the undercover parking bays (currently non-plumbed, presenting an ideal shell for storage, workshops, or value-add utility space).
Value Proposition & Highest and Best Use
The property has recently been independently assessed by registered professional property valuers at a Market Value of R3,200,000.
Professional market analysis indicates that converting the upper level into multi-tenant long-term rooms, combined with the ground floor retail and venue facilities, represents the highest and best financial use for this asset. This strategy takes immediate advantage of strong regional demands for long-term rental accommodation and localized community retail hubs.
Cll today for your investor opportunity!
Features
Zoning
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Century 21 South Africa website is accurate and up to date, Century 21 South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
