086 1222 021

info@scsgroup.co.za

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FOR SALE – POPULAR HOTEL ON DURBAN BEACH For Sale

R65,000,000

Description

This beautiful hotel is located on the Durban’s beachfront promenade and is within walking distance to the city centre. The hotel is close to the city’s main tourist attractions, business district, shopping centres, restaurants and environment venues which make it the perfect choice for both business and leisure travellers.

This property boasts the following features:
• Prime beachfront Hotel – 11 x Storeys
• 114 x en-suite rooms (13 x Self -catering)
• Reception Area
• 2 x Conference Rooms
• Admin & Managers offices
• 2 x Restaurants
• 1 x Cocktail Bar
• Air-conditioning
• Basement Parking
• 5 x Retails Shops (Fully Let) – Pre-paid Electricity Meters
• Lettable Basement area ± 50m²

Area: Durban, Kwa-Zulu Natal

Size (GLA): ± 13,800 m² over 11 floors

Asking Price Excl.VAT: R 65,000,000.00

Gross Income: R 6,414,210.00 P/A

Total Expenses: R 766,392.00

Access to Major Roads: O.R Tambo Parade, Palmer, Dr Pixley Kaserne Streets and Durban South Beach Promenade

Parking: Basement Parking

Please note that information contained herein is meant only to serve as a summary of relevant information as supplied to Sentinel Commercial Services Group. No information is verified or presented as fact, we urge prospective clients to have all relevant information professionally verified.

Detail

Updated on October 26, 2018 at 1:59 pm

  • Property ID: DURSALEDON045
  • Price: R65,000,000

OTHER PROPERTY INFO:

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  • Property Address

    • City: KZN
    • Country: South Africa

    Contact info

    CONTACT AGENT
    Donavan Penton
    076 793 3493
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