Commercial space in White River AH

Developers Dream: Prime Investment Opportunity in Student Housing Mpumalanga

Location: Near University of Mpumalanga, White River, Total Area: 21,800 m across two adjoining properties

Current Offering:198 beds: Fully accredited by NSFAS and specifically catering to University of Mpumalanga students.

Annual income: R9,264,000 paid by the University, ensuring a stable and guaranteed revenue stream.

Facilities:

Block 1 (60 beds):

10 kitchens, 20 bathrooms, study hall, DSTV, ample parking.

Security: Electric fencing and CCTV.

Block 2 (133 beds):

33 kitchens and bathrooms, DSTV, ample parking.

Security: Electric fencing and CCTV.

Expansion Potential:

Approved Plans: Add 141 additional beds across three new blocks, each with 47 beds.

Further Development: Significant space remains for additional construction, making this a scalable investment.

NB ! There is also a potential or a Retail Shopping Centre for the community in the area zoned Business 1 .

Erf Details:

Erf 216: 16,852 m

Erf 216-2: 4,954 m

Rates: R11,998/month

This student accommodation presents a prime investment opportunity, combining existing income generation with expansive growth potential. Its perfect for investors seeking to capitalize on the increasing demand for student housing in a growing educational hub.