Female student accommodation, accredited by the National Student Financial Aid Scheme (NSFAS).
Situated in a quiet part of Scottsville, with convenient access to:
?University of KwaZulu-Natal (Pietermaritzburg Campus)
?Varsity College (Pietermaritzburg Campus)
?Scottsville Mall
?Hayfields Mall
?Golden Horse Casino
?Accommodates 21 students.
?Rooms & Bathrooms:
?15 bedrooms in total.
?9 bathrooms in total.
?Single Rooms: 11 rooms, 5 of which have an en-suite bathroom.
?Double Rooms: 4 rooms, 2 of which have an en-suite bathroom.
?Facilities & Features:
?CCTV cameras
?Fibre internet
?Parking for 4 cars
?
?Currently generating between R75,000 and R80,000 per month.
?100% occupancy with a mix of NSFAS, self-funded, and bursary-funded students.
?NSFAS Contract: Contracted with NSFAS until the end of 2026.
?Land Size: 1241 m²
?This property appears to be a well-established and profitable investment, with a full occupancy rate and a Grade A rating from NFSAS, which ensures a consistent income stream. The long-term contract with NSFAS is a key feature, providing stability.
Serious buyer should be able to produce bank-guaranteed certificates or pre approvals. Make the call.....