3 Bedroom House in Northdale

Income-Generating Student Accommodation with Commercial Rezoning Potential

This exceptionally neat and well-maintained property presents an outstanding investment opportunity.

Currently operating as a boarding and student accommodation facility, the property generates an approximate rental income of R56,000 per month, with excellent potential to increase returns.

Ideally positioned on the main road, adjacent to Save Hyper, and approximately 100 metres from a local shopping centre, this property offers excellent exposure and can be easily rezoned for commercial use.

Main Residence:

-3 Spacious bedrooms

-2 Bathrooms main en-suite

-Comfortable lounge

-Fully fitted kitchen

-Built-in cupboards

-Fully tiled throughout

-Neat and well maintained

-Currently tenanted

Outbuilding: 1

-4 Bedrooms

-Shared bathroom and toilet

-Currently utilized as student accommodation

Outbuilding 2:

-3 Bedrooms

-Kitchen, Bathroom and toilet

-Currently utilized as student accommodation

Property Features:

-Excellent income-producing investment

-Large level stand with ample parking

-High-visibility main road location

-Strong commercial and redevelopment potential

-Easy rezoning opportunity

-Close to schools, shopping centres, FET college, hospitals, and other essential amenities

-Ideal for student accommodation, boarding establishment, medical rooms, offices, or other commercial ventures

Whether you''re looking to expand your investment portfolio or secure a property with exceptional future development potential, this versatile property is an opportunity not to be missed.

Henwood and Katz Real Estate Pty Ltd ta REMAX Midlands. A franchise of REMAX of Southern Africa.

HENWOOD AND KATZ REAL ESTATE PTY LTD trading as REMAX Midlands Pietermaritzburg operates in terms of a franchise agreement with REMAX of Southern Africa.