Exceptional Investment Opportunity | Two Properties with Development Potential
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.
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.
Monthly Rates
R2,621
Features
Interior
Exterior
Sizes
Listing Info
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
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.