A rare and exceptionally high-performing investment opportunity presents itself at this fully operational Grade-A student accommodation residence, situated just 400 metres from the UKZN Pietermaritzburg Main Campus in Scottsville. Its unmatched location — a literal walk to both UKZN Main Campus and Varsity College — has secured 100% occupancy for over five years, making it a long-term, future-proof asset in the most sought-after student corridor in Pietermaritzburg. Already configured for high-yield student living and accommodating 21 students, the property offers enormous scalability, robust infrastructure, and top-tier tenant demand year after year. With 12 months remaining on its NSFAS Grade-A accreditation within a 36-month contract cycle, the new owner is assured continuity and the ability to renew grading effortlessly.
FEATURE HIGHLIGHTS
Prime Location & Long-Term Demand
·Only 400 metres from UKZN Main Campus (Golf Road Entrance)
·Walking distance to UKZN Main Campus & Varsity College
·5+ years of uninterrupted 100% occupancy
·Located in the strongest student rental belt in Scottsville
Student Accommodation Infrastructure
·15 spacious bedrooms inside the main dwelling
·7 ensuite bedrooms for premium, high-demand student placements
·9 bathrooms (mix of showers, tubs, and one separate toilet)
·Large lounge, dining area, and open-plan kitchens
·Multiple study rooms, pantries, utility rooms, and a scullery
·Clean, modern finishes designed for durability and easy maintenance
Additional Income-Generating Flatlet
·Fully equipped 5-bedroom flatlet, all ensuite
·Shared communal kitchen
·Ideal for senior students or premium NSFAS placements
Currently contributing significantly to monthly rental income
·Turnkey Fully Furnished Offering
·Includes beds, desks, study chairs, cupboards
·Fully fitted kitchens & appliances
·Ready-to-operate from day one with zero setup costs
Security & Operational Enhancements
·Live-in helper + full-time night security guard
·Security staff housed in a neat Wendy house accommodation
·Full CCTV surveillance system
·Burglar bars throughout the property
·Aluminium windows & automated main gate
Utilities & Added Value
·2,400L JoJo water tank for backup water supply
·Prepaid electricity (controlled consumption & low risk)
·Low maintenance building finishes
·Ample communal space and multiple functional areas
Financial Performance
·Currently generating R75,000 – R80,000+ per month
·Based on NSFAS Grade-A 2025 rates, with annual increases
·12 months remaining on the current NSFAS 36-month accreditation cycle
·Strong history of rental stability & high yield returns
This is one of Scottsville’s most powerful income-generating student accommodation assets — already accredited, already furnished, already fully occupied, and positioned literally a few steps from the UKZN campus. With demand guaranteed and systems already in place, the buyer simply takes over a thriving operation with exceptional future scalability.
Opportunities like this are exceedingly rare.
Book your private viewing today and secure a high-yield property that delivers unmatched stability, profitability and long-term investment strength.
