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Description
Business Opportunity: Hostel/Lodge Accommodation Facility For Sale – Running Concern This well-established property is ideal for business use such as a hostel, student accommodation, lodge, or campus-style setup. Strategically located and zoned under General Residence, the property is currently operational and caters to a steady demand from AIMS and NIMT students seeking affordable accommodation. Property Highlights: • Total of 30 Single Rooms Spread across 2 blocks, perfect for group accommodation • All rooms are serviced by 2 communal ablution facilities • Shared Amenities: * Communal Kitchen and Dining Area * Recreation Room for leisure and relaxation * 100m² stoep area, offering outdoor relaxation or gathering space • Onsite Management Accommodation: Manager’s Flat includes: * 2 Bedrooms * 1 Bathroom * Kitchen and Lounge • Zoning & Development Potential: * Zoned: General Residence – supporting residential and communal living * 80% Building Coverage – allows for ample space for expansion or additional facilities Investment Advantages: * Consistent rental demand from nearby educational institutions (AIMS/NIMT) * Established setup suitable for: -Hostel Accommodation -Student Housing Overnight or -Short-Term Lodge For investors or operators in the accommodation and student housing sectors, this is a rare opportunity to acquire a fully functional, income-generating property with room for future growth.