Located in a peaceful cul-de-sac within the Scottsville / Pelham corridor, this versatile income-generating property sits just 1.5 km (±3 minutes) from the University of KwaZulu-Natal Main Campus on Golf Road and next door neighbour to SAI MEWS (DUT Student Residence). Originally purchased as a residential home and later converted into a specialised preschool for children with special learning needs, the property is exceptionally neat, modern, and move-in ready — offering two unique investment pathways in one prime location.
Option 1: High-Return Student Accommodation
With demand for NSFAS-funded student housing at an all-time high, this property is perfectly suited for conversion into a student residence. Multiple spacious rooms can be reconfigured for shared occupancy, while two existing flatlets each feature a private bathroom and kitchenette. The three large garages can be converted into additional letting rooms (±2 students each), giving the property the potential to accommodate 16+ students.
At 2025 NSFAS rates, this equates to ±R60,000+ monthly rental income, making it a high-yield asset with predictable returns in a sought-after rental zone.
With student demand rapidly outgrowing supply and few properties offering this level of readiness, scalability and security, this property presents a rare and powerful investment opportunity in Pietermaritzburg’s most lucrative rental corridor.
Situated in the heart of Scottsville/ Pelham, the property is moments from UKZN Main Campus, major transport routes, malls, schools, gyms, clinics and all amenities that students require. The neighbourhood is secure, quiet and well-established — perfect for high rental retention and long-term occupancy.
Option 2: Profitable Going-Concern Preschool (Business & Property Package)
There is a shortage of special-needs learning centres in Pietermaritzburg, positioning this as a rare opening to tap into a growing and underserved sector. This is also a turnkey business opportunity: the property houses a fully operational private preschool that caters for children with special educational needs. It can be purchased as a going concern, complete with:
1.Audited annual financial statements (past 2 years)
2.All business assets, learning equipment & furnishings
3.Full complement of trained staff
4.A proven operating model in a market with limited supply
Property Key Features & Enhancements:
·Modern finishes with porcelain, ceramic & wooden flooring
·Open-plan kitchen with scullery
·CCTV surveillance with mobile-app access
·Automated main entrance gate
·Aluminium windows with full burglar guards
·Extremely neat, safe and peaceful environment
·Air-conditioning in the main bedroom
·Two flatlets with bathrooms & kitchenettes
·Lush, tidy garden and peaceful cul-de-sac location
Don`t miss out on this attractive business investment property!
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