George South, George

Strategically located in prime George South, within close proximity to York Street and York High School, this rare investment offering presents both immediate income and significant future development upside.
The property consists of two adjacent freestanding houses on separate title deeds, offered as one consolidated investment:
• Erf 1: ±1,646 sqm
• Erf 2: ±1,196 sqm
• Combined land size: ±2,842 sqm
Currently operated as student accommodation, the properties generate a strong rental income of approximately R75,000 per month, providing an attractive cash-flow position from day one. Contract with Nelson Mandela University George from Feb 26 to Nov 26. Student accommodation.
Zoned Single Residential 1, the sizeable landholding allows for further value creation, with alternative development opportunities available subject to municipal approval. This makes the property well suited to investors seeking rezoning, densification, or redevelopment potential in a high-demand rental node.
The purchaser is required to acquire both properties together, securing a substantial footprint in a well-established and consistently performing area.
This is an exceptional opportunity for investors looking to combine stable income, strategic location, and long-term capital growth in one of George’s most sought-after suburbs.
Property Breakdown:
• Meade Street House:
o 4 bedrooms
o 2 separate bathrooms
o 2 separate toilets
o Potential to expand, enhancing yield and value
• Palgrave Street House:
o 4 bedrooms
o 2 bathrooms
o Large shed
The property is fully fenced. All offers welcome.