Ref.: GAT255110
An exceptional opportunity to acquire a substantial one-acre investment property in Arundel, Mt Pleasant, strategically positioned close to the University of Zimbabwe and already operating as student accommodation.

Set on approximately 4,000m², the property combines an established income-generating use with generous land, substantial accommodation and infrastructure that gives an investor considerable scope to retain, improve or further optimise the asset.

The main residence provides eight bedrooms, multiple lounges and two fitted kitchens, creating a practical layout for high-occupancy accommodation. Additional lifestyle and communal facilities include a gym, bar area, water feature and swimming pool. The swimming pool is currently not operational, with a pump available for installation.

Supporting accommodation includes separate three-bedroom staff quarters, while carport parking provides additional convenience for occupants.

Operational resilience is strengthened by a prolific borehole and a 10kVA solar system — important infrastructure for a property currently accommodating multiple residents.

Its established use as University of Zimbabwe student accommodation gives an incoming investor the advantage of acquiring a property with an existing income model rather than starting from a vacant asset.

Beyond its current operation, the combination of a sought-after Mt Pleasant address, approximately one acre of land and substantial existing improvements presents further potential for repositioning, upgrading or redevelopment, subject to the necessary approvals.

For an investor seeking scale, location, existing occupation and long-term property value in one acquisition, this is a compelling Mt Pleasant opportunity.

Property Details

Location: Arundel, Mt Pleasant
Land Size: 4,000m²
Asking Price: US$1,000,000
Ownership: Title Deed
Bedrooms: 8
Existing Use: University of Zimbabwe student accommodation
Additional Accommodation: 3-bedroom staff quarters
Facilities: Multiple lounges, two fitted kitchens, gym, bar area, water feature and swimming pool
Parking: Carport
Water: Prolific borehole
Power: 10kVA solar system
Swimming Pool: Currently non-operational; pump available for installation

Contact Osward & Tatenda, Avondale Branch, to arrange a private viewing.