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Private School In the South of Johannesburg For Sale

Johannesburg South, Gauteng, South Africa
Asking Price:
R35,000,000
Sales Revenue:
R21,500,000
Cash Flow:
R4,500,000

This is a primary and high school that is situated on two properties i.e. the first property accommodates the primary school and the other property the high school.

  • The primary school (Grade 17) was established in 1970 and currently has 200 students. This property measures 2730m² with 1217m² under roof. The maximum capacity of the primary school is around 500 students if some improvements/extensions to the buildings are undertaken. Plans for the afore mentioned have already been approved by council.
  • The high school was established in 2008 and currently has 160 students. This school’s property measures 3534m² with 936m² under roof. The maximum capacity of the high school is also 500 students with some improvements / extensions required. Building plans for these improvements / extensions have also been approved by council.

Each school has its own EMIS number and is registered with the Department of Education.

Property Information

Real Estate:

Real Property Included

Location:

Johannesdburg South

Premises Details:

This primary school’s property measures 2730m² with 1217m² under roof and the high school's property measures 3534m² with 936m² under roof.

Size in square feet:
See above
Planning Consent:

Yes

Business Operation

Expansion Potential:

Yes - there are approved plans to expand in place

Competition / Market:

Yes

Reasons for selling:

Seller is nearly 70 and would like to retire

Trading hours:

07h00 to 15h00

Employees:
44
Years established:
1970 and 2008

Other Information

Furniture / Fixtures value:
R3,700,000
Inventory / Stock value:
R10,000