72 Bedroom Freestanding For Sale in Pietermaritzburg Central

Major Student Accommodation Investment – Central Pietermaritzburg

CENTRAL PIETERMARITZBURG | ±144 STUDENTS | HIGH INCOME POTENTIAL

A rare opportunity for investors seeking a large-scale student accommodation investment in the heart of Pietermaritzburg.

The property comprises a solid main house with 10 rooms, 6 bathrooms, a large kitchen, 3 garages and a swimming pool, together with a separate 2-bedroom dwelling.

The rear of the property features three accommodation blocks offering a combined 60 bedrooms, 60 bathrooms and 60 kitchens across three floors. The spacious rooms can accommodate two students each, creating potential accommodation for approximately 144 students.

At an estimated R2,200 per student, based on previous rates, the property could generate potential gross rental income of approximately R316,800 per month, before expenses and vacancies, with potential for higher income at current market rates.

DUT has previously viewed the property and expressed interest in utilising it for student accommodation once completed, subject to the necessary requirements and approvals.

A substantial investment with exceptional student accommodation and rental income potential. Contact me today to arrange a viewing and explore this opportunity further.