1800 m² Commercial space in Scottsville

R 16 100 000

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Floor Area 1800 m² Land Area 2500 m²

If you are an investor, looking to reap the benefits of the ever Thriving, Student Accommodation Business, then this is the perfect investment for you.

This modern, new development is positioned within close proximity to universities and high schools. The neighborhood is home to many businesses operating from converted dwellings.

The apartments are well designed, with good quality finishes and can accommodate 71 students.

Section 1, accommodates 26students, all rooms are furnished with beds, desks, and built in cupboards, 5 bedrooms, 2 kitchens, 2 dining rooms, TV rooms and laundry.

The basement consists of the staff accommodation and security office, fitted with cameras.

Section 2, is a 3 storey building and can accommodate 45 students, all rooms are furnished with beds, desks and built in cupboards.

There is a total of 27 rooms, 9 bathrooms and 9 kitchens.

Approximately +- 500m2 of land is available for parking or further development.

You do not want to miss out on this great opportunity!!!!!

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Neeri Naidoo

Agent

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Naidoo

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Interest at 8.25% for 20 years

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Experience Pietermaritzburg

Pietermaritzburg, set amidst the rolling countryside of the Natal Midlands, is one of the best preserved Victorian cities in the world. It's a deeply historical city, characterised by museums and historical routes. Pietermaritzburg is the capital and second largest city in the province. The city is well served with transport links and is conveniently situated between Durban and Johannesburg. It's a thriving modern capital that has carried its history fully into the present. This area has the most comprehensive education centre in the country. Beyond the city limits, the Victorian inspired streets give way to beautiful countryside, characterised by rivers, farms and nature reserves.