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Results for arboretum in "arboretum" in Commercial & Residential Property for Sale & Rent in North Coast in North Coast
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R 1,650,000
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Prime location in the Arboretum area of Richards Bay, within walking distance to Zululand University and Umfolozi Tech College – perfect for student accommodation.Property features:
Main house: 3 bedrooms, 1 bathroom, plus separate toilet and shower with kitchen.
Separate flat: 2 bedrooms and 1 bathroom.
Log cabin: Can be converted into student housing with bathroom and kitchen installation.
Open-plan lounge and dining area: Can be transformed into a study centre, with tables along the walls to create a safe, communal study space.
The house needs some renovation, but the outcome is worth the effort. You just need to visualize the property – imagine students studying in the open-plan lounge, enjoying safe, central accommodation, and the log cabin housing even more students.Investment potential:
Accommodates up to 14 students after upgrades.
Potential rental income: R3,600 per student per month – totaling R50,400 monthly.
High-demand student housing – ideal for parents wanting safe, convenient housing for their children.
This is a rare opportunity to create a fully functional student commune in the heart of Richards Bay with excellent long-term returns.This charming property offers tremendous potential for the visionary buyer. The main log cabin can comfortably accommodate 4 people separately, but it currently needs a bathroom and toilet, giving you the freedom to design it your way.The veranda is spacious and can easily be enclosed and converted into a cozy lounge, perfect for relaxing or entertaining. The current lounge is versatile and can be transformed into a study or work-from-home centre, ideal for families or professionals.This is a fantastic opportunity to visualize and create your dream home. With some renovation, this property can become a comfortable and stylish living space tailored to your needs.
Don’t miss out – bring your ideas and make this property your own!
Contact us today to arrange a viewing! Preferably cash saleNO AGENTS
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