Prime student accommodation investment in george south

Established Private Hostel | NSFAS Arrangement | Development Potential

An excellent opportunity to secure an established student accommodation investment in a prime George South location! Positioned directly opposite the sought-after York High School, this six-bedroom private hostel offers investors the opportunity to acquire an established accommodation business with an NSFAS arrangement in place for the next two years. Combining existing income potential with opportunities for future expansion, this property is well worth considering.

The hostel is designed to accommodate student living and offers:

- Six bedrooms

- Communal kitchen and scullery

- Three bathrooms

- Spacious storage room at the rear of the property

- Solar geyser

- Ample water storage

These practical features provide a functional accommodation setup, while the excellent location makes it particularly appealing for student accommodation. Favourable financial information is available to serious prospective purchasers upon request.

Beyond the existing accommodation business, the generously sized erf offers further possibilities for an investor or developer looking to unlock additional value. Potential opportunities include exploring panhandle access, subdivision or the addition of further accommodation, subject to the necessary municipal approvals, zoning requirements and building regulations.

Being situated directly opposite York High School places this property in a particularly convenient position for student accommodation, with George's central amenities and essential services also within easy reach.

Contact us today to arrange a private viewing and explore the possibilities.