Property
Description
Property Description
13 Jones Street is a fully operational, NSFAS-accredited student accommodation facility located in the Nelspruit CBD. The property provides 138 beds across 77 rooms and is reported to be fully let with a waiting list, reflecting sustained demand for accredited student housing in the node. The stand measures 1 498 m² with an approximate gross lettable area of 2 200 m², and is zoned Business 2 with a floor area ratio of 1.24 and coverage of 85%. According to the information supplied, the property generates a gross annual income of approximately R4 692 352, with a reported monthly net operating income of R271 545 and an annual net operating income of R3 258 541 (indicative figures based on information provided; prospective purchasers should verify independently). Security provisions include 24-hour security, CCTV surveillance and keypad-controlled access, and the residence is positioned adjacent to a police station. The sale includes a comprehensive inventory of furniture and appliances — beds, refrigerators, microwaves, televisions and a coin-operated washing machine — as well as a 22-seater Volkswagen bus used for student transport. The property is offered voetstoots (as is); prospective purchasers are advised to conduct their own due diligence to confirm accreditation status, income, occupancy, lease terms and the condition of the property and all improvements.
Features
NSFAS-accredited student accommodation
Fully let – 138 student beds across 77 rooms
Reported 100% occupancy with a waiting list
Gross annual income of approximately R4 692 352
Reported annual net operating income of R3 258 541
Land size: 1 498 m²
Approximate GLA: 2 200 m²
Zoning: Business 2 (FAR 1.24; coverage 85%)
27 Bathrooms
10 Parking bays
24-Hour security, CCTV surveillance and keypad access control
Fibre / internet connectivity
Adjacent to a police station for enhanced security
Sale includes all furniture and appliances
Sale includes a 22-seater Volkswagen bus
Prime location within Nelspruit CBD, close to tertiary institutions and amenities
Area Description
Nelspruit (Mbombela) is the capital of Mpumalanga and the principal commercial, administrative and educational centre of the province’s Lowveld region. The CBD offers a concentration of retail, banking, government and transport services, and the wider city hosts tertiary and training institutions that underpin demand for student accommodation. The property’s central location provides convenient access to shopping, medical facilities, public transport and the regional road network, including the N4 corridor linking Nelspruit to Gauteng to the west and the Mozambique border to the east. The node benefits from established infrastructure and ongoing demand for accredited student housing.
Area Amenities
SAPS Mbombela Police Station – approx. 0.7 km
The Plaza, Nelspruit CBD (retail, banking) – approx. 0.9 km
Nelspruit Station (PRASA / Shosholoza Meyl) – approx. 1.1 km
i’langa Mall – approx. 2.5 km
Mediclinic Nelspruit Hospital – approx. 2.9 km