8 Bedroom House in Scottsville

Located in a peaceful cul-de-sac within the Scottsville Pelham corridor, this versatile income-generating property sits just 1.5 km 3 minutes from the University of KwaZulu-Natal Main Campus on Golf Road and next door neighbour to SAI MEWS DUT Student Residence. Originally purchased as a residential home and later converted into a specialised preschool for children with special learning needs, the property is exceptionally neat, modern, and move-in ready offering two unique investment pathways in one prime location.

Option 1: High-Return Student Accommodation

With demand for NSFAS-funded student housing at an all-time high, this property is perfectly suited for conversion into a student residence. Multiple spacious rooms can be reconfigured for shared occupancy, while two existing flatlets each feature a private bathroom and kitchenette. The three large garages can be converted into additional letting rooms 2 students each, giving the property the potential to accommodate 16 students.

At 2025 NSFAS rates, this equates to R60,000 monthly rental income, making it a high-yield asset with predictable returns in a sought-after rental zone.

With student demand rapidly outgrowing supply and few properties offering this level of readiness, scalability and security, this property presents a rare and powerful investment opportunity in Pietermaritzburgs most lucrative rental corridor.

Situated in the heart of Scottsville Pelham, the property is moments from UKZN Main Campus, major transport routes, malls, schools, gyms, clinics and all amenities that students require. The neighbourhood is secure, quiet and well-established perfect for high rental retention and long-term occupancy.

Option 2: Profitable Going-Concern Preschool Business & Property Package

There is a shortage of special-needs learning centres in Pietermaritzburg, positioning this as a rare opening to tap into a growing and underserved sector. This is also a turnkey business opportunity: the property houses a fully operational private preschool that caters for children with special educational needs. It can be purchased as a going concern, complete with:

1.Audited annual financial statements past 2 years

2.All business assets, learning equipment & furnishings

3.Full complement of trained staff

4.A proven operating model in a market with limited supply

Property Key Features & Enhancements:

Modern finishes with porcelain, ceramic & wooden flooring

Open-plan kitchen with scullery

CCTV surveillance with mobile-app access

Automated main entrance gate

Aluminium windows with full burglar guards

Extremely neat, safe and peaceful environment

Air-conditioning in the main bedroom

Two flatlets with bathrooms & kitchenettes

Lush, tidy garden and peaceful cul-de-sac location

Dont miss out on this attractive business investment property!

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