6 Bedroom House in George South

Positioned in an exceptionally convenient location right alongside York High School, this established private student hostel presents a compelling investment opportunity with multiple income streams and exciting potential for future development. The property comprises a four-bedroom private hostel, complemented by two separate bachelor flatlets, each generating its own rental income. The hostel is registered with NSFAS for the next two years, providing an established income-generating operation, with favourable financials available to serious prospective buyers upon request. The hostel offers four spacious bedrooms, two separate communal shower facilities, two separate toilets, a fully equipped communal kitchen and an exterior laundry room. Excellent Wi-Fi connectivity and security surrounding the property further enhance its appeal.

The real opportunity lies in the exceptional space and potential on offer. Together, the two erven measure an impressive 1,646m², with approximately 250m² under roof, including an additional vacant plot ready to accommodate a future development, extension or further investment opportunity, subject to the necessary approvals. Adding a unique touch to the property is its beautiful established bamboo forest, creating a distinctive feature rarely found in an investment offering of this nature. Whether you''re an investor looking to secure an established income-producing property with multiple revenue streams, or a developer seeking substantial land in a prime George location, this is an opportunity well worth exploring. With York High School practically on its doorstep, the location speaks for itself.

Contact Team Sutherland | Chas Everitt International to arrange your private viewing.