6 Bedroom House in George South

Don''t miss this rare opportunity to acquire two properties with a combined land size of 2,840m2, ideally situated alongside York High School in George South. Offering an established student accommodation business, multiple rental income streams and a substantial vacant land component, this property presents exciting opportunities for investors and developers alike.

The existing accommodation comprises a four-bedroom private student hostel, complemented by two separate bachelor flatlets, each generating additional rental income. Register with NSFAS-registered for the next two years, providing an established income-generating opportunity. Favourable financials are 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 further enhance its appeal as student accommodation.

Additional Development Potential

A major highlight of this offering is the inclusion of substantial vacant land, providing valuable scope for future development and expansion. With a combined land size of 2,840m2 across the two properties and approximately 250m2 currently under roof on the one property, there is excellent potential to explore additional student accommodation or alternative investment opportunities, subject to the necessary municipal approvals, zoning requirements and building regulations.

An Opportunity for Investors and Developers

Whether you are looking to expand an existing student accommodation portfolio, secure an income-producing investment or unlock the development potential of a well-positioned piece of land, this opportunity offers a combination of immediate rental income and exciting long-term possibilities.

With York High School practically on your doorstep and George''s central amenities conveniently nearby, the location further strengthens the property''s investment appeal.

Two properties. 2,840m2 of land. Multiple income streams. Exceptional development potential.

Contact us today to arrange a viewing and explore the possibilities this unique investment opportunity has to offer.