4,850m² Building For Sale in Durban Central

The building, commonly known as PARADE COURT, is well located, on a highly visible, busy beach-end of West Street (Dr Pixley ka Seme).
On Durban's Golden Mile, less than 200 meters from the beach and beachfront promenade, at the very end of West Street, right on the Marine Parade.


This completely renovated building, comprises a retail and hotel component, as follows :
- 74 hotel rooms (mixed double, family and self catering rooms)
- Rooms with sea-views have been adapted for the the discerning guest.
- A retail section, with 20 arcade shops and 2 road facing shops.
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PROPERTY DETAILS
LOCATION & PROPERTY DETAILS
- The building, commonly known as PARADE COURT ( 11 PALMER STREET ), is well located, on a highly visible, busy beach-end of West Street (Dr Pixley ka Seme), right on Durban's Golden Mile.
- The building comprises a hotel component with 74 hotel rooms ( mixed double, family and self catering rooms) and a retail section with 20 arcade shops and 2 road facing shops.
TARGET MARKET
- The owners have invested substantial resources into this hotel and are creating a unique African concept, catering for both the economy and affluent traveller.
- Rooms are kitted out for both the budget no-frills guest, as well as the higher end guest. This will ensure an even occupancy throughout the year.
- Rooms with sea-views have been destined to appeal to the discerning guest.
- The target market is the tourist seeking, clean, safe and reasonably priced, overnight accommodation, on the beachfront.
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 will man the entrance of the hotel and also monitor 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.
OTHER
Remote access state of the art CCTV
Hotel door lock sysytem.
Computerized check in and out management system

CURRENT OCCUPATION CAPACITY & INCOMES
RETAIL COMPONENT
22 retail shops
HOTEL COMPONENT
49 economy rooms
25 upmarket rooms


SELLING PRICE ON APPLICATION