13 Bedroom House For Sale in Nelspruit

Property description

PRIME STUDENT ACCOMMODATION INVESTMENT – STONEHENGE EXT 13

AN ESTABLISHED STUDENT ACCOMMODATION BUSINESS WITH EXISTING INCOME AND GROWTH POTENTIAL

An excellent investment opportunity in Stonehenge Ext 13, offering buyers the chance to acquire an established student accommodation property with existing operations and the potential to grow rental income. Please note that the property requires renovation and some tender loving care (TLC) due to general wear and tear.This presents an opportunity for an investor to upgrade the property, improve its appeal and potentially unlock its full income potential.

PROPERTY HIGHLIGHTS

- 13 spacious bedrooms
- 6 bathrooms
- 2 en-suite bathrooms located downstairs
- Approved accommodation capacity: Up to 29 students
- Current operating occupancy: 17 students
- NSFAS-accredited student accommodation
- Current student breakdown: 3 self-funded students and 14 NSFAS-accredited students
- Established student accommodation business
- Convenient location close to educational institutions and essential amenities

MONTHLY OPERATING EXPENSES

- Rates: Approximately R1,700 per month
- Water: Approximately R3,000–R5,000 per month, depending on consumption
- Electricity: Approximately R3,000 per month

Note: These are the stated operating costs and should be verified against recent municipal bills and utility statements.

PRIME LOCATION

- Situated in Stonehenge Ext 13.
- Close to Tshwane University of Technology (TUT) campus.
- Convenient access to shops and essential amenities.
- Positioned to serve students attending:
- Tshwane University of Technology (TUT)
- University of Mpumalanga (UMP)
- TVET College

INVESTMENT ADVANTAGES

- Existing income stream: The property is currently operating as student accommodation.
- Potential for expansion: The approved capacity of up to 29 students offers an opportunity to increase occupancy from the current 17 students, subject to demand and applicable requirements.
- Established accommodation setup: An opportunity to acquire an operating student accommodation business.
- Diversified student market: Caters to both self-funded and NSFAS-accredited students.
- Value-add opportunity: Renovations and improvements could enhance the property's overall appeal and functionality.
- Long-term investment potential: Suitable for investors looking to expand their property portfolios through student accommodation.

AN INVESTMENT OPPORTUNITY WORTH EXPLORING!

Acquire a student accommodation property with existing operations, established student occupancy and potential for future growth in Stonehenge Ext 13.

With its existing student accommodation setup and scope for renovation, this property offers an opportunity for an investor to improve the premises while building on its current operations.

INVEST IN PROPERTY. BUILD INCOME. GROW YOUR PORTFOLIO.

Contact us today for further information or to arrange a viewing.