15 Bedroom House in Scottsville

Female student accommodation, accredited by the National Student Financial Aid Scheme (NSFAS).

Situated in a quiet part of Scottsville, with convenient access to:

University of KwaZulu-Natal (Pietermaritzburg Campus)

Varsity College (Pietermaritzburg Campus)

Scottsville Mall

Hayfields Mall

Golden Horse Casino

Accommodates 21 students.

Rooms & Bathrooms:

15 bedrooms in total.

9 bathrooms in total.

Single Rooms: 11 rooms, 5 of which have an en-suite bathroom.

Double Rooms: 4 rooms, 2 of which have an en-suite bathroom.

Facilities & Features:

CCTV cameras

Fibre internet

Parking for 4 cars

Currently generating between R75,000 and R80,000 per month.

100% occupancy with a mix of NSFAS, self-funded, and bursary-funded students.

NSFAS Contract: Contracted with NSFAS until the end of 2026.

Land Size: 1241 m2

This property appears to be a well-established and profitable investment, with a full occupancy rate and a Grade A rating from NFSAS, which ensures a consistent income stream. The long-term contract with NSFAS is a key feature, providing stability.

Serious buyer should be able to produce bank-guaranteed certificates or pre approvals. Make the call.....