For Sale - Free Standing Accommodation Block
Morningside, Durban Metropolis, Kwazulu Natal
|Asking Price :||POA|
|Land Size :||2048m²|
The property is well-located in the upmarket suburb of Windermere, enjoying easy access to the N3 Freeway,to the CBD, to various malls, to Umgeni Road, and to various recognised private tertiary institutions.
Windermere is located south of the suburb of Morningside, west of Umgeni Road and north of Stamford Hill Road, which is regarded as Durban's sports hub. It is a built-up area, with numerous sectional title complexes and historic residential dwellings in the immediate vicinity, as well as a number of commercial buildings.
The neighbourhood is home to many businesses operating from converted dwellings. Small commercial nodes are established at major intersections, which are mostly geared towards retail accommodation, offices and restaurants.
Windermere is a sought-after location for mixed use activities. There is a substantial residential community that enjoys a close proximity to Florida Road, Stamford Hill Road as well as to Lilian Ngoyi (Windermere) Road's cosmopolitan atmosphere. Various restaurants and cafes are within walking distance, including the Windermere Shopping Centre.
The Durban Botanic Gardens is a mere 2.3km away. The Durban Country Club as well as the Moses Mabhida Stadium is also in close proximity. The property is positioned close to various private and semi-private schools of the Windermere suburb,including Clifton School, Gordon Road’s Girl School and Durban Preparatory High School.
Being positioned close to many educational institutes makes this property ideal for conversion to student accommodation, be it standard or upmarket student accommodation. Other opportunities that presents itself for this property are other forms of long- and short-term accommodation like a private hotel operation, retirement home, frail care facility, bed n breakfast facility, back packers’ facility, lodge, step down facility, hostel, specialized medical centre or offices in line with legal municipal approval.
The plus sign to all of these conversions is that the property consists of a large catering kitchen and dining area.The property, recently operated as a 3-star hotel and comprises of 36 spacious en-suite bedrooms within 3 separate building blocks. Bulk for further development on ±500 m² of land is available and as per the zoning certificate there is no height restriction.
Contact Yianni for a viewing or further discussion.
Contact the Agent
Yianni Pavlou » ++27 82 494 4555
Due to the fact that the above information has been supplied to us by the property owners and other 3rd party organisations, Portfolio Property Investments will not be held liable or responsible for any errors, misrepresentations or omissions. Due to the nature of property transactions it is always advisable that any prospective purchaser or tenant undertake a thorough due diligence of their own.