Positioned directly opposite the sought-after York High School, this established six-bedroom private hostel presents an excellent turnkey investment opportunity in one of George South''s most convenient locations. With an established NSFAS arrangement in place for the next two years, the property offers an attractive income-generating opportunity, with favourable financials available to serious prospective buyers upon request. The accommodation comprises six bedrooms, a communal kitchen and scullery, and three bathrooms, providing practical facilities for student living. Additional features include a substantial storage room at the rear of the property, a solar geyser and ample water storage, adding further convenience and functionality to the operation.
Beyond its established income, the property offers exciting possibilities for future expansion or development. The generously sized erf provides scope to explore a panhandle access arrangement, subdivision or additional accommodation, subject to the necessary municipal approvals. A particularly appealing feature is the beautifully established orchard, with an abundance of mature fruit trees including lemons, plums, figs, guavas, mangoes, bananas and persimmons. Whether you''re an investor looking to acquire an established student accommodation business with income already in place, or a developer seeking to unlock further potential in a prime location directly opposite York High School, this is an opportunity worth serious consideration.
Contact Team Sutherland | Chas Everitt International to arrange your private viewing.