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School Property in Randburg For Sale

Randburg, Gauteng, South Africa
Asking Price:
R6,000,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Here is rare opportunity to purchase a school zoned for EDUCATION in the heart of Randburg that has a pre-, preparatory school and aftercare operation. In actual fact, the sellers are prepared to give the business operation and its assets away to facilitate the property sale. In view thereof, this is a property sale only.

The sellers are asking R6 million for the property measuring 1,835m² which is situated on a corner stand.

The school has three divisions, a junior phase (from 3 years to 6 years), a primary school (Grade 1 to Grade 7) and an aftercare centre catering for children from Grade 1 to Grade 7. The pre-school has 15 children, the primary school 54 children and 66 children in the aftercare section. The school follows a Christian based curriculum.

Property Information

Real Estate:

Real Property Included

Location:

Randburg area

Premises Details:

The property measures 1,835m² which is situated on a corner stand. There are 9 classrooms of which 1 classroom is currently being used as a library.

Size in square feet:
1835 sq. meters
Planning Consent:

Yes

Business Operation

Expansion Potential:

Yes

Competition / Market:

Yes

Reasons for selling:

The seller travels extensively and wants to concentrate on her other businesses

Trading hours:

06h30 to 17h30

Employees:
24
Years established:
2009

Other Information

Support & training:

Yes

Furniture / Fixtures value:
R600,000
Inventory / Stock value:
R10,000