1 Bedroom Apartment For Sale in Pietermaritzburg

Property description

This well-positioned ground-floor bachelor flat is situated on a corner unit in the popular Scottsville area of Pietermaritzburg. Offering convenience, accessibility, and excellent rental potential, this property presents an outstanding opportunity for investors and first-time buyers alike.

The unit is strategically located close to major amenities, educational institutions, shopping centres, and transport routes, making it attractive to a variety of tenants and guests.

Multiple Income Opportunities:

Rent the unit to a young professional looking for affordable and conveniently located accommodation.
Furnish the unit and offer accommodation to contractors and professionals working on the ongoing N3 upgrade and related infrastructure projects.
Furnish the unit for student accommodation. Subject to compliance requirements and any necessary approvals, the property may accommodate two students, creating the potential for attractive rental returns.
With the necessary approval from the Body Corporate and compliance with applicable rules and regulations, the unit could also be considered for short-term letting through platforms such as Airbnb, providing an additional income-generating opportunity.

Property Features:

Ground-floor unit
Corner position with easy access
Secure and well-located complex
Excellent investment opportunity
Strong rental demand in the Scottsville area
Close to UKZN, shopping centres, schools, and major transport routes

Monthly Costs:

Levies: Approximately R1,100 per month
Municipal rates and services: Approximately R500 per month (subject to municipal billing)

This property offers flexibility and multiple investment strategies, allowing the new owner to tailor the unit to the growing demand for professional accommodation, student housing, contractor lodging, or short-term rental accommodation, subject to the relevant approvals.