House 2475-ref-1912 for Sale in Scottsville, Pietermaritzburg

AgencyRef: 2475-ref-1912 This free-standing property offers an outstanding investment opportunity in a prime location close to UKZN campus. Currently generating approximately R13 000 per month in rental income from student accommodation, this property has excellent potential for even higher returns. The property consists of a spacious 5-bedroom main house together with 2 additional flatlets, offering a total of 9 bedrooms currently utilized for student accommodation. There is ample space available to add additional rooms, making this the ideal property for investors looking to expand rental income and maximize returns. Additional features include a swimming pool and generous outdoor space. The property does require a little TLC, however with some improvements the rental income can be significantly increased. A fantastic opportunity for investors seeking a high-demand student accommodation property with strong future income potential. Zoning: Residential Ownership Type: Full & Free Title Agency reference number: 2475-1912