R22,280,000
Exceptional Investment Opportunity in the Heart of Nelspruit
R22,280,000 (Excl. VAT) – Main Property
R3,714,000 – Adjoining Property (Optional Add-On) (Price Excludes Vat)
Thisprime income-generating propertyoffers an exceptional opportunity for investors or hospitality developers. Perfectly positioned on one of Nelspruit's main streets and just 1km from the CBD, this centrally located asset boastshigh visibility, versatile zoning, and multiple income streams.
Main Property Overview – 2,380m² | Zoned Res 3 (Overnight Accommodation)28 en-suite rooms, each with its own kitchenette – currently operating as a fully functional student residence accommodating 56 students.Secure parking for 38 vehicles.Affiliated with local universities and colleges, providing stable and consistent income.3 additional townhouses on-site:Each offers 2 bedrooms, 1 bathroom, open-plan living, and undercover parking.Two are fully let.One is licensed as a guest house and doubles as a reception/administration office while also accommodating up to 5 additional students.
Adjoining Property – 1,190m² | Fully Let Townhouse ComplexComprises 3 townhouses:Two units with 2 bedrooms and 1 bathroom each.One unit converted to accommodate 11 individuals, with two bathrooms and a kitchen.Includes a large garden, covered patio, and swimming pool, ideal for further development or communal use.
Key Features:Strategic location near major routes, schools, colleges, sports facilities, and amenities.Zoned for overnight accommodation – ideal for conversion into a hotel, guest house, or motel.Multiple income streams: student housing, guest accommodation, and long-term rentals.Fully let units on both properties – immediate return on investment.Strong future development potential with unified management possibilities.
Investment Potential:
Whether you’re looking to expand your student accommodation portfolio, develop a boutique hotel, or simply secure a high-yield asset in a sought-after area of Nelspruit, this opportunity ticks all the right boxes. The property’s flexibility, zoning, and established rental base make it a rare find in the Lowveld market.
Contact Pierre Kotze from eXp Realty today for more information or to arrange a private viewing.
The Property Professional below holds an active Fidelity Fund Certificate, is duly registered with the PPRA, and conducts business under eXp Realty South Africa.
Features
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Extras
24 Hour Manned CCTV Cameras • Near Fitness centre • Good reachable traffic • En-suite Bathroom • Near Medical Center • Near Shops • Built in Wardrobes • Pets Not Allowed • Fibre • Near Bus • Brick • Near Shopping Mall • Near Schools
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