Land For Sale

If rental income makes you tick, this one is for you!
“A massive shortage of student housing at Zimbabwe’s universities has presented a lucrative opportunity that investors are now racing to capitalize on. With demand far outpacing supply, both the government and private companies are making big bets on purpose-built student accommodation complexes across the country” Garikai Dzoma

HSP is delighted to offer this proposed development of students’ accommodation comprising 219 units with 1,314 beds. Located in the medium value northern eastern residential suburb of Marlborough in Harare measuring 15717 square metres. This proposed development of students’ accommodation is aligned with the town planning provisions of the effective scheme.
The property has a dated single storey house comprising 4 bedrooms with main en-suite, bath with shower, water closet and wash basin; lounge with fire place; dining room; kitchen with built in cupboard and sink; verandah and double lockup garages. Staff Cottages are built of rendered bricks with IBR roof sheets, first staff cottage has two units comprising an open plan kitchen and living area, bedroom and a bath. Second staff cottage has similar construction as first one and has ten rooms. Surrounding works include a front boundary wall and gate, prolific borehole and 30,000 litres of storage capacity; site services, drainage and Outbuildings.
Permitted uses are Detached and Semi Detached Dwellings Flats and Cluster Houses. However, other uses that are permitted by special consent include Residential Buildings, Licenced Residential Buildings (Institutional), Offices, Creche, Clinic, Surgeries and Medical Chambers and/or Places of Assembly.
Service amenities in Marlborough include roads, municipal water supply and the closest and easiest access to this property is via Harare Drive which connects directly to the road where property is located.
Marlborough has various support services and these include shops, offices, service-industry, security services, health services, social services, schools, hotels and restaurants. There are a number of such facilities that cater for the neighborhood and these include Old Mutual Office Park Emerald Hill; Mount; Pleasant Office Park and Arundel Office Park. Shops are within a 10 kilometre radius eg. Westgate, Bond, Mabelreign, Arundel and Ashbrittle.
Private schools within the Marlborough are Gateway, Arundel, Twin Rivers and Sharon. Recreational Sports and Facilities are within a 15 kilometre radius. Proximity to the University of Zimbabwe and the Parirenyatwa Group of Hospitals where there is dire need for student’s accommodation.
Calling all investors to take advantage of this great business opportunity zoned for mixed use, there are endless opportunities for future development. Student accommodation is in very high demand due to the massive shortage of quality accommodation.
All reasonable offers will be considered.