Overview

Property ID: HZRXFO-13183

32
Bedrooms

32
Bathrooms

Description

We invite you to explore a unique investment opportunity in the vibrant area of Windermere, Morningside, Durban. This well-established hospitality business, operated by the same family for over 50 years, is now available for sale, presenting an attractive prospect for investors seeking to capitalize on the growing demand for quality student accommodation in the region.
Key Features:

Proven Track Record: A family-owned business with a legacy of 50 years, currently operating successfully.
Diverse Revenue Streams: The ground floor features a Bottle Store, Take Away, Bar, and Gaming Room (V Slots), generating consistent income.andnbsp;
Spacious Infrastructure:andnbsp;
Total ground floor area: 346.1 sqm, accommodating retail and recreational spaces.
First and second floors provide 29 fully furnished rooms for daily accommodation, encompassing a total area of over 500 sqm.
High Demand for Student Accommodation: With KwaZulu-Natal experiencing a significant shortage of student beds—many students are seeking quality housing conducive to academic success—this business meets a critical need in the local market.
Ideal Location: Conveniently situated near the Rugby Stadium on Umgeni Road, enhancing visibility and accessibility for patrons and students alike.
Parking Facilities: The property includes six undercover private parking spaces, providing convenience for both residents and visitors.
Flexible Rental Options: The accommodation can be easily adapted to cater to various rental models, including short-term, long-term, or group bookings tailored to university students and professionals.
Potential for Growth: The existing business model can be expanded, taking advantage of the increasing student population and untapped market segments.

This investment not only offers financial returns but also the opportunity to contribute to the local community by providing essential housing for students.andnbsp;
Don’t miss this chance to acquire a profitable and established hospitality business that holds significant potential for growth in the burgeoning student accommodation market.andnbsp;
Contact us today to learn more about this remarkable investment opportunity!