372M2 HISTORIC BUILDING FOR REFURBISHMENT

372M2 HISTORIC BUILDING FOR REFURBISHMENT
MAKE AN OFFER ON R6,5 MILLION !!!!

This historic, AMAFA registered building, is situated in a prime location next to the Point, at 172 Mahatma Ghandi Road (Point Road), which is located in the "historic quarter" of the Point, in Durban.

Through collaboration with the owners and the municipality, 172 Mahatma Ghandi Road, originally known as "The Anchor Hotel", the municipality are keen to see the building undergo a re-instatement of the property into its original design.

This process will be guided by AMAFA. Engineers assessment as structurally sound.
The current owners have been collaborating with the building inspectors regarding the refurbishing of the property, since last year and accordingly, they have had meetings with the engineer, builders and steel company.
Should you wish to redevelop the unique property, this is an ideal property for re-development with student accommodation, an Airbnb operation, a residential block, a boutique hotel, or commercial offices all possible options.

Was originally operated as a Lodge, with a tavern and offices downstairs.
DRAFT ARCHITECTS PLANS AVAILABLE
NB. A full professional team have been working with Trish Emmett of Emmett Architects. The re-design and development of this historic building, is well under way, with a full team, including the architect, an engineer and a quantity surveyor all contributing to the re-deign and re-development of this wonderful historic building. The estimated total re-development of this property into purpose built BnB hotel complete with roof top entertainment area and conferencing & function rooms on the ground floor. The estimated total re-development cost, including the purchase of the property, plus the interior decorating of the BnB hotel, is approximately R28 million.
OWN YOUR VERY OWN UP-MARKET BNB HOTEL IN A SOUGHT AFTER LOCATION!!!

PROPERTY DETAILS

Physical Address : 172 Mahatma Gandhi Road, Point, Durban.

Lot Number : Lot 3 Block C, Point No. 4535

Site footprint : 372 Sq meters

Height : 4 floor building (in need of renovation)

Bulk : +/- 2,976 (8 x footprint bulk as per architect) - excludes parking floors

Zoning : General Business (central) - see Site Zoning.

Reduced Selling Price : R6,5 million (plus vat) MAKE AN OFFER!!!