R 3 799 999 | 15.0 bed property 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.....