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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
R 6 000 000
Investment of the Year – Prime Scottsville Student Accommodation Price: Offers from R6,000,000 Current Net Income: R57,000/month Projected Net Income: R75,000/month Location Situated in the sought-after Scottsville student hub, within close reach of major tertiary institutions and amenities. This property offers a stable and lucrative investment opportunity with an NSFAS contract already in place. Property Overview Completely renovated – modern finishes, solid double-story build. Downstairs: 2 bedrooms, serviced by 2 bathrooms. Upstairs: 5 bedrooms, including 2 en-suites and 1 shared bathroom. Total capacity: 17 students (currently housing 13). Income Potential NSFAS-backed contract ensures reliable, government-supported income. Current net rental: R57,000. With full occupancy: R75,000 net monthly. Key Features Solid...
Estimated monthly repayment
R 56 660
on a R 5 400 000 bond over 20 years at 11.25%
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Scottsville, Scottsville, Pietermaritzburg, KwaZulu-Natal
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