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Witbank Ext 3, Witbank Ext 3, Witbank, Mpumalanga
R 1 863 300
A strategically positioned student housing development opportunity situated in Witbank, Emalahleni, Mpumalanga. The property comprises a vacant, fully enclosed erf measuring approximately 2,207 m² and is positioned near Mandela Street, approximately 700 m from TUT. Its close proximity to the campus makes it well suited to a student accommodation development aimed at convenient, accessible housing close to education facilities. The property is zoned Residential 4, supporting higher-density residential development, with reported development parameters including a height restriction of 5 storeys, 70% coverage and FAR 2.0. Building plans are reportedly approved for a proposed 56-unit / 224-bed student accommodation development. The proposed concept includes covered ground-floor parking, residential units above, communal lounges, laundry facilities, computer laboratory areas, a central access gate and a guard house, supporting a secure and functional student living environment. The surrounding area includes residential properties, existing student accommodation, retail facilities, education-related demand drivers and access to major routes, including the N4 freeway. With its strategic location, Residential 4 zoning, reportedly approved development concept and proximity to TUT, this property offers developers and investors an opportunity to unlock student accommodation potential within the Witbank / Emalahleni market.
Estimated monthly repayment
R 17 596
on a R 1 676 970 bond over 20 years at 11.25%
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Witbank Ext 3, Witbank Ext 3, Witbank, Mpumalanga
Listed by
Marie Ramaphosa
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