Exceptional investment opportunity in Madeira Park! This spacious double storey property offers 13 bedrooms and is ideally suited for student accommodation, rental income, guest house use, or group accommodation.

The property is NSFAS accredited with a Grade B rating for a three year accreditation period, currently valid until 30 January 2028, with female students as the preferred gender category. This accreditation provides an established platform for an investor looking to operate a student accommodation business.

The property can accommodate up to 25 students and offers a practical layout with a spacious lounge, kitchen fitted with built-in cupboards, 2 bathrooms and multiple toilets, Wi-Fi, CCTV, a backup water tank, garden and parking for approximately 10 vehicles.

The property is currently tenanted by private tenants occupying 5 rooms, providing an existing rental component while allowing scope for an investor to further optimise the property's accommodation capacity and income potential.

Property Features
13 bedrooms
Accommodation capacity of up to 25 students
NSFAS accredited – Grade B
Accreditation valid until 30 January 2028
Female students as preferred gender category
Double-storey design
Spacious lounge
Kitchen with built-in cupboards
2 bathrooms
Multiple toilets
Wi-Fi
CCTV security
Backup water tank
Garden
Parking for approximately 10 vehicles
Currently privately tenanted in 5 rooms
Suitable for student accommodation, residential rentals, guest house or group accommodation
No pets allowed
Investment Opportunity

With 13 bedrooms, a capacity of up to 25 occupants and existing private tenants, this property offers investors multiple avenues to generate rental income. The existing NSFAS Grade B accreditation, valid until January 2028, adds further value for buyers considering student accommodation as an investment strategy.

Financial statements and NSFAS accreditation documentation are available on request, subject to the appropriate enquiry and verification process.

This is a rare opportunity to acquire a substantial accommodation property with established student-accommodation credentials and significant income-generating potential in Madeira Park.

Contact Ongama today to arrange a private viewing and obtain further information on this investment opportunity.

House for sale in Queenstown Central, Queenstown, 3 Rooibok Road, Madeira Park, Queenstown Central, Queenstown, Eastern Cape, 687 m²