R45,000,000
R45,000,000
Commercial Property For Sale in White River AH, White River
Developers Dream: Prime Investment Opportunity in Student Housing – Mpumalanga
Location: Near University of Mpumalanga, White River, Total Area: 21,800 m² 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 m²
Erf 216-2: 4,954 m²
Rates: R11,998/month
This student accommodation presents a prime investment opportunity, combining existing income generation with expansive growth potential. It’s perfect for investors seeking to capitalize on the increasing demand for student housing in a growing educational hub.
Features
Exterior
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