THREE INCOME STREAMS & EXCEPTIONAL DEVELOPMENT POTENTIAL | GEORGE SOUTH
Positioned in an exceptionally convenient location right alongside York High School, this established private student hostel presents a compelling investment opportunity with multiple income streams and exciting potential for future development. The property comprises a four-bedroom private hostel, complemented by two separate bachelor flatlets, each generating its own rental income. The hostel is registered with NSFAS for the next two years, providing an established income-generating operation, with favourable financials 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 surrounding the property further enhance its appeal.
The real opportunity lies in the exceptional space and potential on offer. Together, the two erven measure an impressive 1,646m², with approximately 250m² under roof, including an additional vacant plot ready to accommodate a future development, extension or further investment opportunity, subject to the necessary approvals. Adding a unique touch to the property is its beautiful established bamboo forest, creating a distinctive feature rarely found in an investment offering of this nature. Whether you're an investor looking to secure an established income-producing property with multiple revenue streams, or a developer seeking substantial land in a prime George location, this is an opportunity well worth exploring. With York High School practically on its doorstep, the location speaks for itself.
Contact Team Sutherland | Chas Everitt International to arrange your private viewing.
The real opportunity lies in the exceptional space and potential on offer. Together, the two erven measure an impressive 1,646m², with approximately 250m² under roof, including an additional vacant plot ready to accommodate a future development, extension or further investment opportunity, subject to the necessary approvals. Adding a unique touch to the property is its beautiful established bamboo forest, creating a distinctive feature rarely found in an investment offering of this nature. Whether you're an investor looking to secure an established income-producing property with multiple revenue streams, or a developer seeking substantial land in a prime George location, this is an opportunity well worth exploring. With York High School practically on its doorstep, the location speaks for itself.
Contact Team Sutherland | Chas Everitt International to arrange your private viewing.
Monthly Rates
R2,621
Features
Interior
Exterior
Sizes
Additional Amenities
Listing Info
Print
Keelan Sutherland
Candidate Property Practitioner
George South, George
- Street map
- Street view
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 Chas Everitt website is accurate and up to date, Chas Everitt 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.
