Web Ref ULR9695
R3,799,999
Monthly Bond Repayment R37,938.42
Calculated over 20 years at 10.5% with no deposit.
Change Assumptions
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.....
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.....
Features
Pets Allowed
No
Interior
Bedrooms
15
Bathrooms
9
Kitchen
1
Reception Rooms
2
Furnished
No
Exterior
Security
No
Parkings
4
Pool
No
