6 Bedroom House in George South

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6 2 6 1 646 m² 250 m²

House For Sale in George South, George

PRIME INVESTMENT OPPORTUNITY WITH THREE INCOME STREAMS & EXCITING DEVELOPMENT POTENTIAL!

A rare opportunity to secure an established income-generating property in one of George Souths most convenient locations!

Situated right next to York High School, this unique property offers investors the perfect combination of existing rental income, excellent positioning and exciting future development possibilities.

The property currently offers three independent income streams, consisting of an established four-bedroom private student hostel and two separate bachelor flatlets. The hostel is NSFAS-registered for the next two years, adding further appeal for investors looking for an established student accommodation operation. Financial information is available to serious prospective purchasers.

The hostel is designed with student convenience in mind and offers four spacious bedrooms, two communal shower facilities, two separate toilets, a fully equipped communal kitchen and an outside laundry room. Excellent Wi-Fi connectivity and security surrounding the property add to the overall appeal.

BUT THE REAL VALUE LIES IN THE LAND AND FUTURE POSSIBILITIES!

The property consists of two erven with a combined extent of 1,646m² and approximately 250m² under roof. An additional vacant plot offers exciting scope for further accommodation, additional rental units or future development, subject to the necessary approvals.

Adding a special touch is the beautiful established bamboo forest, creating a natural, private and distinctive setting rarely found in an investment property of this nature.

Whether you are an experienced investor looking to expand your rental portfolio, an entrepreneur interested in student accommodation, or a developer looking for land with excellent potential, this property offers plenty of possibilities.

Three income streams. Two erven. One exceptional investment opportunity!

Opportunities like this, in such a strategic location alongside York High School, are certainly worth exploring.

Contact me today to arrange a viewing and discover the potential this investment has to offer.