This commercial property has guesthouse rights. The accommodation is NSFAS Accredited. Currently there are 15 Students with an income of R4 398 per month per student for 10 months as paid by NFSAS. The number of students can be increased to 22 without much effort. Next year it is expected that NFSAS will increase the fees to R4 600 which gives a good indication of what potential income can be derived from this student house. Each student's accommodation comes with its own shower, toilet and basin.
1 200l main house

The following is included in the purchase of the accommodation:
Each room has a bar fridge, 2 plate stoves, microwave oven, build in cupboard with desk and chair with own prepaid electric meter.
12x rooms have single beds.
3x rooms have double beds.
Mattresses were replaced end of 2022 with new ones
The kitchen in the guesthouse has 5x3 steel cupboards for storage for students.
Refrigerator
Dining room has 4x4 table with chairs.
TV room has 2x 2 seat couches, 2x chairs 1x 32''TV with Open View decoder.
8 x 200l geysers
Adjacent to the guest accommodation is an additional house with 3-bedroom, two-bathroom, a lounge, dining room, study, small storage room and a kitchen with ample cupboards with an eye level oven and a 4-plate stove. Nice size study to manage the admin from. The main house has a 200L geyser. There is a manageable courtyard garden and a pool that link the buildings. The entertainment area has a built-in braai.
With so much space there is a huge opportunity to convert the whole house into accommodation. There are two JoJo tanks that just needs to be installed and connected.
The kitchen in the main house is accredited by the Dept of Health which will allow the owner to cater for the quests as well.
Off the main house the owner has started working on another single room which is already halfway completed and has a 50l geyser installed.
Additional storage with sliding doors can be converted to more rooms.
There is existing fibre as well as wi-fi in the guesthouse.

Please call me to view. The seller is willing to share the financials with serious buyers.