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R 750,000

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General Details

Location:

City Centre, Durban City

Description

Dormehl Phalane presents this well equipped shop trading as a hairdresser and laundromat. This shop has an aluminium and glass shopfront and is tiled throughout

Property Reference #: DPC624

Agent Details:
Neil Aubert
Dormehl Phalane Property Group
3 Oslo Building
394 Ester Roberts Road
Glenwood
Durban
4001

Id Subtitle 1269572635

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Estimated monthly repaymentR 8,128

Total property loan amountR 750,000

Total interestR 1,200,673

Total repaymentR 1,950,673

Interest rate at 11.75% for 20 years *

* The interest rate is by default set to the prime lending rate. Banking institutions may choose to lend to individuals at a rate above or below this prime rate.

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Dormehl Phalane Property Group

Selling for 3+ years

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Here are some suggestions for configuring the shop front on Commercial Street:Open Layout with Flexible Configuration: Since the white box can be configured, consider an open layout that allows for flexibility in arranging displays and merchandise. This will make the most of the limited space and enable you to adapt to changing needs.Utilize Vertical Space: With a narrow and long shop, maximize the use of vertical space by installing tall shelves, racks, or display stands. This will create additional storage and showcase opportunities without cluttering the floor.Eye-catching Window Displays: Given the high foot traffic, invest in captivating window displays that draw customers attention. Create visually appealing arrangements to entice potential customers passing by during both the early morning and evening peak periods.Efficient Checkout Counter: Since space is limited, design an efficient checkout counter that allows for smooth customer flow. Consider using portable or collapsible counters during non-peak hours to free up space for browsing.Strategic Product Placement: Arrange products strategically to encourage customers to explore the entire shop. Place popular and impulse-buy items near the entrance to attract customers and lead them deeper into the store.Lighting and Ambience: Use adequate lighting to highlight products and create a welcoming atmosphere. The right lighting can enhance the shopping experience and make the shop appear more spacious.Utilize Mirrors: Install mirrors strategically to give the illusion of a larger space. Mirrors can also reflect light and create a brighter, more inviting ambiance.Optimize Storage Space: Since there is no back entrance, make the most of the available storage space within the shop. Consider using storage solutions that are not easily visible to customers but accessible for staff.Promotions and Special Offers: Take advantage of the high foot traffic by offering promotions and special deals during peak hours. This will attract more customers and potentially increase sales.Customer Service and Engagement: Emphasize excellent customer service to enhance the shopping experience. Engage with customers, provide assistance, and answer their questions to encourage repeat visits and positive word-of-mouth.Online Presence: Consider establishing an online presence and integrating it with the physical shop. This can expand your reach and allow customers to browse and purchase products even outside of regular business hours.By following these suggestions, you can create a welcoming and efficient shop that caters to the high foot traffic on Commercial Street, making it appealing to a wide range of customers and ensuring the success of your general retail business.Property Reference #: CL1019Agent Details:Baphelele KanyaCampbell Property GroupShop 2, 10 Heleza Boulevard, Sibaya, KwaZulu Natal 4320.

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4,850m² Building For Sale in Durban Central

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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 Durbans 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. _________________________________________________________________________________________________________________________________________________________________PROPERTY DETAILSLOCATION & 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 Durbans 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.OTHERRemote access state of the art CCTVHotel door lock sysytem.Computerized check in and out management systemCURRENT OCCUPATION CAPACITY & INCOMESRETAIL COMPONENT22 retail shopsHOTEL COMPONENT49 economy rooms25 upmarket roomsSELLING PRICE ON APPLICATIONProperty Reference #: CL534Agent Details:Craig MurphyPoint Waterfront RealtyShop G-01 The Sails14 Timeball BoulevardPoint WaterfrontDurban4001

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