R22,280,000 (Excl. VAT) – Main Property
R3,714,000 – Adjoining Property (Optional Add-On) (Price Excludes Vat)
This prime income-generating property offers 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 boasts high 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 Complex Comprises 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 Practitioner, Pierre Kotze is duly registered with the PPRA – Registration Number 1205969 and holds an active/valid Fidelity Fund Certificate - Number 202635002700000 and is Independently Contracted to eXp Realty South Africa PTY LTD Reg No 2020/480535/07.
eXp Realty South Africa PTY LTD Reg No 2020/480535/07 is registered with the PPRA with registration number F148656 and operates with an active/valid FFC number 202401016400246.
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