Prime Commercial Student Accommodation Development in Lebowakgomo

An exceptional investment and development opportunity is available in Lepelle Nkumpi, Limpopo.This expansive commercial student accommodation property offers substantial existing infrastructure coupled with massive upside potential. The property is conveniently situated near local amenities and major access routes, supporting the ongoing residential demand in the area.

Key Investment Highlights:
• Expansive Stand: The property is set on a massive 80 007 m² stand with a rectangular shape. It borders an access road as well as three adjoining vacant stands.
• Existing Infrastructure: The site boasts a total of 216 completed flats. Phase 1 was concluded in April 2021, comprising 128 identical two-bedroom flats. Phase 2 added another 88 flats through the completion of 11 buildings in May 2023.
• Immediate Revenue Potential: Of the 216 completed units, 112 flats are fully habitable, having been fitted with all necessary electrical components and finishes.
• Value-Add Opportunity: The remaining 104 completed flats are currently uninhabitable due to incomplete electrical installations and unfinished fittings, offering an immediate value-add project for the new owner.
• Future Development Scale: The development was originally approved for a total of 592 units to be completed across four phases. This offers incredible future development potential through the completion of the remaining approved phases.

Property Overview:
• Listing Price: R41 500 000
• Property Type: Commercial Student Accommodation
• Location: 5 Mashilo Road, Lepelle Nkumpi, Limpopo
• Erf / Land Size: 80 007 m²
• Gross Building Area (GBA): 18 168 m²
• Gross Leasable Area (GLA): 13 176 m²

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