R6,950,000
R6,950,000
18 Bedroom Freestanding For Sale in Scottsville Ext
18
Bedrooms
18
Bathrooms
10
Parkings
Ref. RLS1010991
Land 1900.00m²
Monthly Repayment
R70,558.41
Lungani Mchunu
Lungani Mchunu Candidate Property Practitioner Seeff Pietermaritzburg PPRA Registered | FFC 20237475140
Monthly Rates R3,161
Total R3,161

18 En-Suite Bedrooms | Potential for 36 Students | Prime Scottsville Investment

Web Ref. RLS1010991
EXCEPTIONAL INVESTMENT OPPORTUNITY | 18-BEDROOM PROPERTY IN SCOTTSVILLE EXT.


Invest in potential with this exceptional 18-bedroom property in Scottsville Extension, Pietermaritzburg, currently operating as a guesthouse and offering exciting possibilities for conversion into student accommodation.

Ideally positioned approximately 2.5 km from UKZN and 3.2 km from Scottsville Mall, this property presents an attractive opportunity for investors looking to enter or expand within the student accommodation market.

Featuring 18 en-suite bedrooms, the property offers the potential to accommodate up to 36 students, subject to the property's approved occupancy, layout and applicable requirements. With the right operational model, this could be an excellent opportunity to establish a student accommodation business in a sought-after student market.

FEATURES & INVESTMENT HIGHLIGHTS:

18 bedrooms, each with an en-suite bathroom.

Currently operating as a guesthouse.

Potential to accommodate up to 36 students.

Solar power system.

Water backup system.

Gas geysers.

Convenient proximity to UKZN and Scottsville Mall.

Multiple possibilities for an investor seeking income-generating property.

Whether you envision continuing with guesthouse operations or exploring the student accommodation market, this property offers the space, infrastructure and potential to make your investment work for you.

Opportunities of this scale deserve a closer look.

Contact Lungani Mchunu from Seeff Properties today to arrange your private viewing and explore the possibilities this investment property has to offer.

Features

Interior
18 Bedrooms
18 Bathrooms
2 Kitchens
2 Lounges
2 Dining Rooms
4 Studies
Exterior
10 Parkings (Secure Parking)
2 Flatlets
Pet Friendly
Pool
Domestic Accom
Sustainability
Solar Geyser
Gas Geyser
Water Tank
Borehole
Backup Battery/Inverter
Sizes
Land Size 1,900 m²

Scottsville Ext, Pietermaritzburg

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Finance

Monthly Repayment
R0,00
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