Commercial space in Nelspruit Ext 2

An exceptional opportunity awaits in one of Nelspruits most sought-after locations. This spacious property, ideally situated in Ext 2, boasts magnificent views overlooking the Valley Hypermarket and offers both residential and commercial potential.

Currently zoned for business use, the property holds approved development rights for the construction of 22 modern flats/units in a three-storey building, making it an attractive option for developers and investors alike.

At present, the property is successfully operating as a student accommodation facility, accredited and housing up to 20 students, with an estimated annual income of R800,000 per annum.

This established income stream offers immediate returns while allowing for future expansion and development.

Key Features:

Prime location with excellent visibility and accessibility

Expansive home with business zoning rights

Development approval for 22 flats/units (3 storeys)

Currently operating as accredited student accommodation

Generates approximately R800,000 per annum

Close to Valley Hypermarket and other key amenities

This property is priced to sell and presents a rare opportunity to secure a versatile investment in a thriving area. Whether youre looking to expand your property portfolio, develop new residential units, or continue with the lucrative student housing business, this property delivers on all fronts.

Huge Stand: 4 500 sqm