6 Bedroom House in George South

Established Student Accommodation | Two Erven | Exclusive Investment Opportunity

If you are looking for an investment that offers immediate rental income together with exciting future potential, this property in George South deserves your attention. The property comprises two erven with a combined extent of 1,646 m² and approximately 250 m² under roof.

Ideally positioned right alongside York High School, this unique property offers an excellent combination of location, established student accommodation, multiple rental income streams and opportunities for further development.

The property currently generates income streams, comprising an established four-bedroom private student hostel and two independent bachelor flatlets. The student hostel is NSFAS-registered for the next two years, adding further appeal for investors interested in an established student accommodation business. Financial information is available to serious prospective purchasers upon request.

Designed with student living in mind, the hostel offers:

- Four spacious bedrooms

- Two communal shower facilities

- Two separate toilets

- Fully equipped communal kitchen

- Outside laundry room

- Excellent Wi-Fi connectivity

- Security surrounding the property

- Two bachelor flatlets

An additional vacant land component creates exciting possibilities for a new owner to consider further student accommodation, additional rental units or other development opportunities, subject to the necessary municipal approvals, zoning requirements and building regulations.

Whether you are an established investor looking to expand your rental portfolio, an entrepreneur interested in student accommodation or a developer seeking land with future potential, this property offers an exciting combination of existing income and room to grow.

Don''t miss the opportunity to secure this versatile investment in George South!