44 Bedroom House for sale in Durban Central

Located in the vibrant heart of Durban's Central Business District, this prime property is currently operating as a student accommodation. The property is undergoing extensive renovations and will be delivered to the new owner in a fully renovated, painted, furnished, and turnkey operational state. Approved by the National Student Financial Aid Scheme (NSFAS) to house 120 students, with additional ground floor space available to accommodate 10 more students. Excellent roi. To be discussed upon viewing. This 2-story building includes 6 units attached at the rear of the building; the building has accessible from two different roads. A bus service will be provided for the students. Hosting 44 rooms, each with an en-suite bathroom, 49 toilets and bathrooms, 8 kitchens, a conference room that can be converted into a study area and a large recreational room for student activities. Centrally located, providing easy access to all essential amenities, shopping Centres, Supermarkets, Beaches, Hospitals, Major exists and so much more. Excellent projected holiday lettings for the festive season. To be discussed upon viewing. The property currently has an active up to date liquor license, but the new owner will be restricted from utilizing it under the existing student accommodation arrangements. The liquor license can only be utilised if the property undergoes a transition to different forms of occupancy. As a hotel, Airbnb, daily living, or general residential accommodation. This change would enable the new owner to leverage the liquor licence and expand their business operations in these alternate accommodation models.