15 Bedroom Freestanding For Sale in Scottsville

Female student accommodation, accredited by the National Student Financial Aid Scheme (NSFAS).

Situated in a quiet part of Scottsville, with convenient access to:
​University of KwaZulu-Natal (Pietermaritzburg Campus)
​Varsity College (Pietermaritzburg Campus)
​Scottsville Mall
​Hayfields Mall
​Golden Horse Casino

​Accommodates 21 students.
​Rooms & Bathrooms:
​15 bedrooms in total.
​9 bathrooms in total.
​Single Rooms: 11 rooms, 5 of which have an en-suite bathroom.
​Double Rooms: 4 rooms, 2 of which have an en-suite bathroom.
​Facilities & Features:
​CCTV cameras
​Fibre internet
​Parking for 4 cars
​
​Currently generating between R75,000 and R80,000 per month.
​100% occupancy with a mix of NSFAS, self-funded, and bursary-funded students.
​NSFAS Contract: Contracted with NSFAS until the end of 2026.
​Land Size: 1241 m²
​This property appears to be a well-established and profitable investment, with a full occupancy rate and a Grade A rating from NFSAS, which ensures a consistent income stream. The long-term contract with NSFAS is a key feature, providing stability.

Serious buyer should be able to produce bank-guaranteed certificates or pre approvals. Make the call.....