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Private School With Property In Bryanston For Sale

Bryanston, Gauteng, South Africa
Asking Price:
R16,000,000 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

There is a well positioned private school in Bryanston on 2 adjacent and connected properties measuring 4164m² which can accommodate 200 to 220 learners. The school caters for children from 12 months old to Grade 7 and currently has 87 kids. Unfortunately, this school has been affected by the Covid 19 pandemic but is now on the recovery path.

The 2 properties between them have 20 classrooms and/or learning spaces, extensive ablution facilities, sick bays, staff rooms and a number of kitchens as well as admin offices and playgrounds.

The properties school buildings and all its assets and other equipment is all part of the asking price of R16 million. The seller is prepared to consider the following options:
- First prize for the seller is for the pre-and primary school and the two properties to be sold as one transaction. Here the seller is open to negotiation on the asking price.
- Option 2 is to sell the business only with the buyer renting the property from the seller with an option to buy.
- Option 3 is to lease out the business as a passive income generator and to buy the property.
- The seller has no problem entering into a partnership with a potential buyer.

Property Information

Real Estate:

Real Property Included

Location:

Bryanston

Premises Details:

Property 1 – Pre - School. Stand Size 2082 m². Has 10 large classrooms with a reception area, a library, a staff room with a kitchen as will as a sick bay/first aid room. Zoning Residential 1 with special consent for a place of instruction for a maximum of 100/110 kids.
Property 2 - Creche. Stand Size 2082 m². Has 7 large classrooms with an office. There is a double story building that has 3 large classes – on the ground floor are 2 classrooms each, measuring 45 square meters while the top floor can easily be used as a hall as it measures 90 square meters. Zoning Residential 1 with special consent for a place of instruction for a maximum of 100/110 kids.

Size in square feet:
4164 sq meters
Planning Consent:

Yes

Business Operation

Expansion Potential:

Yes

Competition / Market:

Yes - there are other schools in the area

Reasons for selling:

The seller is looking to retire

Trading hours:

06h30 to 15h30

Employees:
11
Years established:
Over 20 years ago

Other Information

Support & training:

Yes if required

Furniture / Fixtures value:
R1,000,000 - included in the asking price
Inventory / Stock value:
R50,000