- 8
- 7
- 2 243 m2
Monthly Costs
Monthly Bond Repayment ZAR .
Calculated over years at % with no deposit. Change Assumptions
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Mun. Rates & Taxes: ZAR 4635.00
Property description
An exceptional opportunity to acquire two prime, adjacent properties in the heart of Scottsville's thriving student hub. Offered for sale together, these properties boast a substantial combined extent of 2,243m² and occupy a highly strategic position on Alan Paton Drive, directly opposite Scottsville Mall and Nedbank Plaza.
The primary property features a double-storey main residence comprising eight bedrooms and four bathrooms, ideally suited for student accommodation or multi-tenant rental income. Complementing the main dwelling are two well-configured outbuildings, each offering two bedrooms with en-suite bathrooms, as well as a fully self-contained one-bedroom flat - providing excellent additional income-generating potential.
The second property includes a main dwelling currently in very poor condition. This presents a compelling redevelopment opportunity, with potential (subject to municipal approval) for demolition and new development to further maximise the site's earning capacity.
Positioned within walking distance to major retail amenities, transport routes, and educational institutions, this high-visibility location ensures consistent rental demand and long-term growth prospects.
This is a rare opportunity for investors and developers seeking scale, location, and future development potential in one of Pietermaritzburg's most sought-after student precincts.
Henwood and Katz Real Estate (Pty) Ltd t/a RE/MAX Midlands. A franchise of RE/MAX of Southern Africa.
Property Details
- 8 Bedrooms
- 7 Bathrooms
- 2 Ensuite
- 1 Lounges
- 1 Dining Area
Property Features
- Pets Allowed
- Fence
- Kitchen
- Garden
- 2nd house: 3 bedrooms; 1 bathroom; Kitchen, lounge & dining room - currently in very poor condition
| Bedrooms | 8 |
| Bathrooms | 7 |
| Erf Size | 2 243 m2 |
