Investment with Exceptional Development Potential
Don't miss this rare opportunity to acquire two adjoining properties with a combined land size of 2,840m², ideally situated alongside York High School in George South.
This unique offering combines an established student accommodation business with substantial vacant land, creating an excellent opportunity for investors and developers looking to secure an income-generating property with additional development potential.
The existing property features a four-bedroom private student hostel, complemented by two separate bachelor flatlets, each generating additional rental income. The hostel is NSFAS-registered for the next two years, offering an established student accommodation opportunity. Favourable financial information is available to serious prospective buyers upon request.
The accommodation is thoughtfully arranged to cater to student living and includes 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 the property's appeal.
Additional Development Potential
A significant feature of this investment is the inclusion of the adjoining vacant land, offering valuable scope for future expansion or development. With a combined land size of 2,840m² across both properties and approximately 250m² currently under roof on the established accommodation property, there is considerable potential to explore additional student accommodation or alternative development opportunities, subject to the necessary municipal approvals, zoning requirements and building regulations.
An Investment with Immediate Income and Future Potential
Whether you are an investor looking to expand your rental portfolio, an entrepreneur interested in student accommodation or a developer seeking a well-positioned property with room for growth, this offering presents an exciting opportunity.
The location, directly alongside York High School and within convenient reach of George's central amenities, adds further value to this investment.
Two adjoining properties. 2,840m² of land. Established rental income. Exciting development potential.
Contact us today to arrange a viewing and discover the possibilities this unique investment
This unique offering combines an established student accommodation business with substantial vacant land, creating an excellent opportunity for investors and developers looking to secure an income-generating property with additional development potential.
The existing property features a four-bedroom private student hostel, complemented by two separate bachelor flatlets, each generating additional rental income. The hostel is NSFAS-registered for the next two years, offering an established student accommodation opportunity. Favourable financial information is available to serious prospective buyers upon request.
The accommodation is thoughtfully arranged to cater to student living and includes 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 the property's appeal.
Additional Development Potential
A significant feature of this investment is the inclusion of the adjoining vacant land, offering valuable scope for future expansion or development. With a combined land size of 2,840m² across both properties and approximately 250m² currently under roof on the established accommodation property, there is considerable potential to explore additional student accommodation or alternative development opportunities, subject to the necessary municipal approvals, zoning requirements and building regulations.
An Investment with Immediate Income and Future Potential
Whether you are an investor looking to expand your rental portfolio, an entrepreneur interested in student accommodation or a developer seeking a well-positioned property with room for growth, this offering presents an exciting opportunity.
The location, directly alongside York High School and within convenient reach of George's central amenities, adds further value to this investment.
Two adjoining properties. 2,840m² of land. Established rental income. Exciting development potential.
Contact us today to arrange a viewing and discover the possibilities this unique investment
Monthly Rates
R1,752
Features
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Exterior
Sizes
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Finance
Total Amount Repayable
R0,00
Monthly Repayment
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Disclaimer
While every effort will be made to ensure that the information contained within the Just Property website is accurate and up to date, Just Property makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.