GLA: ± 3 293m² | Retail shops, restaurant, conference facilities, function room | 65 Rooms – Can accommodate up to 120 people | Potential to increase accommodation | Ramp access to first floor with secure undercover parking for approximately 12 vehicles | Ideal for student accommodation
This neat well maintained landmark commercial building with Dutch Roman Architecture comprises retail components on the ground floor and accommodation on the first, second and third floors. The building is positioned at the prominent corner of Dr Pixley Kaseme (West) Street and Shepstone Road. Fronting Shepstone Road, there is ample parking available on Municipal land.
The ground floor retail shops interlink with each other which allows it to be easily accessible for one tenant, however currently the ground floor retail shops are separated and are occupied by various tenants. The administration offices, and two retail shops (Salon & SPA) front onto Shepstone Road. A large spacious restaurant fronts the corner of Dr Pixley Kaseme (West) Street and Shepstone Road. Two retail shops (Kiosk and existing Restaurant) front onto Dr Pixley Kaseme (West) Street and access to the upper floors student accommodation is also obtained from Dr Pixley Kaseme (West) Street.
The Salon interlinks with SPA and the administration offices. Rentals achieved from the Salon is obtained from each hair dresser occupying a mirror and chair. The restaurant comprises of a store room and all necessary catering equipment and appliances. To the rear of the restaurant are the tenant’s ablution facilities. A ramp accessed from the municipal parking area leads to the secure undercover parking area on the first floor. The existing restaurant links with a function room & dining room and a workshop at the rear, all with separate ablution facilities.
The accommodation comprises of 65 rooms for 118 students. Rooms accommodate 1, 2 or 3 students with plenty of communal showers and ablutions facilities on each floor. The building further comprises of a laundry room, communal study room/entertainment room, communal kitchen and the two spacious penthouses on the third floor.
There is potential to increase the number of rooms for more students throughout the building. There are 6 en-suite rooms that are currently used as accommodation on a daily, weekly or monthly basis.
This very-well positioned property is situated towards the coastal periphery of the Durban CBD and occupies two road frontages being on the corner of Dr Pixley Kaseme (West) Street and Shepstone Road.
Dr Pixley Kaseme (West) Street is a busy arterial which links Durban’s Central Beach precinct to the Durban’s central business district. The property is within walking distance to the Durban ICC and enjoys very high vehicular and pedestrian exposure.
The neighbourhood within the immediate vicinity of the property comprises mostly of service industrial, multi-level warehousing, residential block of flats, hotels, retail space and is the vehicle sales hub of the CBD. The property is also close to various tertiary institutions, the Hilton Hotel, the Kingsmead Cricket grounds and the Kingsmead Office Park.
The Victoria Embankment and the Durban Harbour are easily accessible; as well as the M4 and N3 Freeways.
This node has enjoyed improved cleanliness and upgraded security which have stimulated new investment by injected capital into urban regeneration projects in the area.
Virend Deonarain
Show number
vdeonarain@in2assets.com