Looking for a property that offers income, location and future development potential?
This established 12-room guesthouse in sought-after Universitas could be exactly what you’ve been looking for!
?? Just 1.1 km from the University of the Free State
?? WHAT MAKES THIS PROPERTY SPECIAL?
? 12 spacious rooms
? Every room has its own en-suite bathroom & kitchenette
? Currently operating as a guesthouse
? Approximately R1.2 million annual income at current occupancy
? 3,636 m² total erf size
? Two separate full-title properties sold together
? Second 1,212 m² erf already subdivided and ready for development
? Potential to expand from 12 in 17 bedrooms and bathrooms
? Excellent potential for student accommodation or additional units
? Borehole + 5,000L JoJo tank
? Fibre internet
? 12 secure parking bays
? Electric fencing & alarm system
? Wheelchair-accessible room
? General Residential 3 zoning on the main property
?? With its proximity to the University of the Free State, this property offers an attractive opportunity for an investor looking to capitalise on the strong demand for accommodation in Universitas.
Whether you continue operating the guesthouse, convert it towards student accommodation, or unlock the development potential of the second erf — the options are substantial.
?? Asking Price: R5 600 000
?? Contact me today to arrange a private viewing and discuss the possibilities.
Serious investment opportunity. Financial and operational information available to qualified buyers.