4,260m² Building For Sale in Durban Central

Metro Lodge Express is well located in close proximity to Durban's Golden mile which is approximately 300 meters away. Situated in a relatively quiet area, away from the noise of Point Road.
Conveniently, it is practically in the CBD of the city of Durban and close to the harbour, the beachfront promenade, the International Convention Centre (ICC), the Point Waterfront Precinct and numerous tourist destinations. It is also only 3,3 kilometres (7 minutes) from the Durban University of Technology (DUT) and 6,8 kilometres (10 minutes) from the UKZN Campus.
NB. Interestingly enough, there are a number of student accommodation buildings very close to the Metro Beach Express, that have current contracts with UKZN.
The one that was recently sold is in Rutherford Street and this particular building is 4,6 kilometres (10 minutes) from the Durban University of Technology (DUT) and 7,5 kilometres (11 minutes) from the UKZN Campus.

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CURRENT ROOM CAPACITY
- Has ground floor plus 3 floors, 2 of which are currently functional for accommodation purposes.
- 3 upper floors with 46 operational bedrooms and 5 not in use on 3rd floor.
- Has 46 en-suite rooms.
- Can currently accommodate 100 guests.
- 1st floor - 23 rooms - accommodates 50 people - 19 doubles (38 people) - 1 triple (3 people) - 3 quads (9 people).
- 2nd floor - 23 rooms - accommodates 50 people - 2 singles (2 people) - 17 doubles (34 people) - 2 triple (6 people) - 2 quads (8 people)
- All rooms have en-suites, tv's, beds and fans or air-conditioners.
AVERAGE SIZE OF DIFFERENT ROOMS
- Sizes vary from 12 m2 to 15 m2
EXPANSION / STUDENT ACCOMODATION
- The 3rd floor needs attention depending on usage
- This 3rd floor has 5 rooms that could be converted for accommodation, study or used as an entertainment area.
- This floor also has open verandah area, which could be enclosed to accommodate more rooms, if required.
- Ground floor has well designed reception area, which could be adapted for dining purposes, if required.
- Included is approx. 200 m2 of prime land currently used as parking.
- This additional land can be developed up to at least the same height as the current building but can probably be developed higher than that (see additional information below).
- Alternatively, it can be sub-divided & sold.
RETAIL COMPONENT
- 2 retail shops & reception.


SELLING PRICE ON APPLICATION

FEATURES
- The building, is conveniently well located at the corner of Milne Street and Brickhill Road (Sylvester Ntuli), in Durban.
- It is less than 300m from the Golden Mile, the magnificent promenade and our wonderful beaches.
- This commercial building has been converted to suit accommodation with 43 en-suite room.
- Has ground plus 3 floors, 2 of which are functional for accommodation purposes.
- Ground floor has well designed reception area.
- Laundry area has washing machine. Linen is hung on washing lines outside for drying.
- Back office with store-room, could be converted to kitchen if necessary.
- Hotel door lock access controlled system.
- 16 closed-circuit cameras, with remote access function.
- 44 x colour tv's + 1 x central dstv decoder - connected to all rooms.
- beds /linen/ curtaining (all rooms)
- Signage
- Washing machine.
- Airconditioning in office and reception area.
- Computer and equipment for hotel access control.
ADDITIONAL INFORMATION
- Monthly Rates : +/- R7,320
- Land Footprint : +/- 1,200 m2
- Footprint developed : +/- 786 m2
- Footprint available for further development : +/- 413 m2
- Current Area Under Roof : (ground + 2,5 floors) +/- 2,500 m2
- Height restriction (if any) : Unknown, however, building (Killarney) immediately next door is approx.10 floors


ADDITIONAL DEVELOPMENT SUGGESTIONS

- Most cost effective way forward is to complete slab on uppermost floor and slab the roof, giving two additional floors on the current developed building.
o Note: a lift may be required if you go higher.
o Cost effectiveness could be achieved if building is developed on vacant land, as lift can serve for both buildings.

- Development of roof slabs - suggestions:
o NB. opinion only - experts investigation required
o Light weight block and lintel method to complete existing slab and additional floor with light weight roof could be added
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CURRENT TARGET MARKET
- Developed to target middle-income earners, business and holiday makers.
- The owners have resources into this hotel and create a viable, well operated hotel.
- The target market is the tourist seeking, clean, safe and reasonably priced overnight accommodation.
- The model is similar to the Formula 1 Hotel concept.
SECURITY AND SAFETY
- On arrival, a friendly receptionist checks in the guests. The guest is then assisted to the room by staff.
- Trained security personnel man the entrance of the hotel and also monitors the CCTV screen.
- All common areas are monitored with a state of the art CCTV camera system that provides for remote viewing, meaning that management is able to view activities from home or other offices.
- Regular security patrols are done throughout the building to ensure the safety of guests.
CLEANLINESS AND HYGIENE
- A duty manager and cleaning staff ensure that the highest standard of cleanliness is met. All rooms are cleaned and made-up on a daily basis.
- All rooms have fans, whilst a many are equipped with airconditioners.
- Rooms are either fully tiled or carpeted. This was done to cater for requests from guests.