Investment Property with Five Income-Generating Rental Units | 2,066m² Stand | Nelspruit Ext 2
Positioned in one of Nelspruit Ext 2's most established residential areas, this income-generating investment property offers an exceptional opportunity for investors, developers and buyers looking to expand their property portfolio in Mbombela.
Set on a generous 2,066m² stand with approximately 477m² under roof, the property comprises five fully tenanted rental units, currently generating a gross rental income of approximately R30,000 per month before expenses. All lease agreements remain active, with tenants indicating their intention to continue renting, providing immediate income from date of transfer.
The property offers communal facilities including a swimming pool, ample covered and open parking, fibre internet availability, municipal water, conventional electricity, double gated access and a fully fenced perimeter.
Located within minutes of Matumi Valley, Matumi Retail Centre, Valley Hyper, SPAR Orchards, Valencia Wholesalers, Mbombela Golf Club, the Nelspruit Industrial Area, University of Mpumalanga, TUT Mbombela Campus, Ehlanzeni TVET College and within walking distance of Citrus Research International, this property enjoys excellent access to employment, education and retail hubs.
The stand offers future development appeal. A professional town planner has confirmed that a 1.0 FAR allows for potential development up to approximately 2,066m² of floor area, subject to the applicable municipal approvals and planning requirements.
Important: The property is currently zoned Residential, and purchasers are responsible for satisfying themselves regarding zoning, building plan approvals, municipal compliance and any future development applications.
Whether you are looking for an investment property in Nelspruit, a rental portfolio, student accommodation opportunity, contractor accommodation, guest house conversion or a property with long-term development potential, this is a rare opportunity in a sought-after location.
Contact Basie Botha Properties today to arrange your private viewing.