| Student Accommodation Investment Opportunity in Nelspruit |
A prime investment opportunity in the sought-after Stonehenge area. This fully operational student accommodation property offers an established income-generating business with strong demand and excellent growth potential.
The property features 13 spacious bedrooms and 6 bathrooms, currently accommodating more than 20 students, with approved capacity for up to 29 students. The accommodation is ideally positioned close to TUT, MediClinic, UMP, TVET College and major shopping centres, making it highly attractive to students.
With potential rental income of approximately R90,000 per month, this property presents an excellent opportunity for investors looking to acquire an established student accommodation business with the potential to increase occupancy and rental income.
Municipal rezoning is currently in progress, further adding to the property's long-term investment and development potential.
ERF Size 520 m²
Building Size 188m²
Rates R400 per month
Home Owner Levies R1,700
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