Income-Generating 3-Bed Apartment | Prime Scottsville Investment Property | Walk to UKZN and Mall

A PRIME LOCATION. ESTABLISHED TENANTS. AN INVESTMENT OPPORTUNITY READY TO TAKE OVER!

If location is everything in property investment, this apartment ticks all the right boxes! Ideally positioned in the heart of Scottsville, within the sought-after Sanmar Mansions, this well-maintained 3-bedroom ground-floor apartment presents an excellent opportunity for investors seeking an income-generating property in one of Pietermaritzburg’s most popular student and professional accommodation destinations.

What makes this investment particularly attractive is its exceptional proximity to key amenities and institutions. The apartment is conveniently situated next door to Scottsville Mall, approximately 3 minutes’ walk away, and only 450 metres (approximately 5 minutes’ walk) from the UKZN Pietermaritzburg Main Campus entrance on King Edward Avenue. This strategic positioning makes it ideally suited to student accommodation, postgraduate students and young working professionals who value convenience, accessibility and a comfortable living environment.

Even better, the apartment is currently fully occupied, with an established tenant profile comprising postgraduate students and young professionals undertaking their internships. The property is well maintained and occupied by tenants who appreciate a quiet, comfortable and family-oriented residential environment. For an investor, this offers the advantage of acquiring a property with existing tenants in place, subject to the terms of the existing lease agreements.

The apartment offers a practical and welcoming layout, comprising three bedrooms, a bathroom, a decent sizable lounge and a separate dining area flowing conveniently into the kitchen. A private veranda overlooking the garden provides a pleasant outdoor space, while the complex’s communal swimming pool is an added attraction, particularly during Pietermaritzburg’s hot summer months.

PROPERTY HIGHLIGHTS

·3-bedroom ground-floor apartment with garden

·Approximately 78 m2 under roof

·Currently fully tenanted – established rental occupation generated well over R12k per month

·Existing tenant profile includes postgraduate students and young professionals/interns

·Excellent investment opportunity for student accommodation or multi-professional tenants

·Next door to Scottsville Mall – approximately 3 minutes’ walk

·Approximately 450 metres / 5 minutes’ walk to UKZN Pietermaritzburg Main Campus entrance (King Edward Avenue)

·Prime Scottsville location, close to shopping, restaurants and essential amenities

·Well-maintained apartment in a quiet, residential complex

·Welcoming entrance

·Functional kitchen

·Private veranda overlooking the garden

·Communal swimming pool – ideal for enjoying the warmer Pietermaritzburg weather

·Prepaid electricity for convenient consumption monitoring and management

·Fibre and Wi-Fi connectivity options

·Wheelchair-friendly access

·Tiled flooring and classic steel-window features

·Secure, gated complex with security gate and electric fencing

·Family-oriented residential environment, predominantly occupied by quiet professionals

The real value of this property lies in its location and versatility. Its close proximity to UKZN and Scottsville Mall creates strong appeal for the student accommodation market, while the apartment’s layout and residential setting also make it suitable for young professionals and other multi-tenant accommodation arrangements.

Whether you are an experienced property investor looking to expand your portfolio or a first-time investor seeking an apartment with existing tenants, this is an opportunity worth considering.

Secure your place in the heart of Scottsville! Properties offering this combination of location, existing occupancy, convenience and lifestyle amenities are worth viewing. Contact us today for further information or to arrange a private viewing.