Discover a prime investment opportunity at 13 Jones Street, Nelspruit, offering accommodation for up to 135 students. Strategically positioned to cater to the growing demand for quality student housing, this fully operational complex boasts accreditation from Tshwane University of Technology (TUT) until 2026 and houses NSFAS-funded students, ensuring a stable and predictable income stream.
This meticulously maintained property includes 77 fully furnished bedrooms across 27 secure units, designed for functionality and comfort. Each block is thoughtfully equipped with all the essentials students need to thrive in their academic journey. With a low vacancy rate of just 6.67%, this property has proven its desirability and long-term rental stability. The current rental income is R5,000 per student, over a 10-month period, making this an attractive high-yield investment.
Key Features:77 Bedrooms, 27 Bathrooms, accommodating 135 studentsFully equipped kitchens with fridges and stoves in each unitLarge common area with a TV room that can host 36 to 48 students, perfect for socializing or group study sessionsUncapped Wi-Fi provided throughout the premisesStudy desks in every room to support focused learning24/7 security presence, with electric fencing and access control for added peace of mindDedicated guard station with CCTV surveillanceShuttle bus service (22-seater) for convenient transportation to TUTCaretaker's private accommodation on-site, in a Wendy house featuring a bedroom, bathroom, and kitchen, ensuring seamless management of the premisesProfessional on-site management team, including 3 cleaners, 3 security personnel, a caretaker, and a managerStrong utility infrastructure with individual electricity meters for most units and a single water meter for the entire building
Ideal for the Savvy Investor:
This is more than just a property; it’s a thriving business ready to be passed on to the next visionary owner. With consistent demand from TUT students and the assurance of NSFAS funding, this complex represents an outstanding investment opportunity. The complex is fully furnished, and the included accreditation from TUT extends until 2026, ensuring uninterrupted occupancy and income for years to come.
Seize this rare chance to own a student accommodation complex that blends modern convenience, security, and steady returns. The property is sold as a going concern, and further details, including rent rolls, are available upon request.
Don’t miss out! Contact us today to schedule a private viewing or receive more detailed information about this incredible opportunity.
The Property Professional below holds an active Fidelity Fund Certificate, is duly registered with the PPRA, and conducts business under eXp Realty South Africa. Read more...