Web Ref IPC3
R4,500,000
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Monthly Rates
R3,803.61
R3,803.61
Residential Property with Consensual Business Rights – Ideal for Redevelopment
This remarkable property, located in an established residential area, provides a unique opportunity for redevelopment and adaptive reuse. Currently operating as a school, this property offers consensual rights for business and holds immense potential for a wide range of alternative uses. With larger classrooms and a substantial building size, it is a perfect candidate for transformation into various commercial, residential, or mixed-use ventures.
The property sits on a 1,995-square-meter plot with 575 square meters of building area under roof. The existing structure boasts spacious classrooms and communal areas, making it adaptable to a range of uses that can better serve the area’s current demands.
Key Features:
• Land Size: 1,995 sqm
• Building Size: 575 sqm under roof (Larger classroom spaces)
• Consensual Rights for Business: Previously utilized as a school, with zoning that permits a variety of business uses
• Current Use: School (operating at less than full capacity)
• Zoning: Residential with permissions for commercial use
Redevelopment and Repurposing Opportunities:
This property is well-suited for a variety of redevelopment opportunities, thanks to its generous building size and business consent. Some potential uses include:
• Educational Facilities: Given its size and existing infrastructure, the property could be revived as a private school, training centre, or vocational school, catering to the growing demand for education services. The spacious classrooms and specialized areas make it ideal for an education-related purpose.
• Commercial Offices or Co-Working Spaces: The expansive classrooms and hallways can be easily converted into open-plan office spaces, meeting rooms, or collaborative workspaces. This would be perfect for corporate offices, start-ups, or a co-working space targeting local businesses.
• Healthcare or Therapy Clinics: The large, open areas provide an ideal layout for repurposing into medical centres, physiotherapy clinics, or specialized health facilities, such as mental health services, rehabilitation centres, or wellness clinics.
• Multi-Unit Residential Development: The sizeable plot allows for the possibility of residential development, such as the creation of apartments, townhouses, or duplexes, meeting the growing demand for housing in the area. The existing building can be either renovated or incorporated into the new development.
• Community or Recreational Centre: With its large footprint, the property could be converted into a community centre, gymnasium, or recreational facility, providing a much-needed space for local events, fitness programs, or youth activities.
• Mixed-Use Development: The combination of residential and commercial uses offers flexibility for creating a live/work space—ideal for businesses looking to combine living and operational areas in one location, such as art studios or small retail spaces with residential units above.
Land Use and Expansion Potential:
The property’s 1,995 square meters of land allows for substantial room for expansion. The building can be either expanded to create more usable space or the land could be utilized for additional development. Whether adding extra floors to the existing structure or constructing new facilities on the land, the potential for further development is clear.
Given the business consent for the site, the possibilities are wide-ranging and can adapt to future community and business needs. Additionally, the large plot ensures that any redevelopment maintains harmony with the surrounding residential properties, enhancing its appeal for long-term investment.
Location and Accessibility:
Situated in a quiet residential neighbourhood, this property enjoys the best of both worlds—privacy and accessibility. The location is easily accessible by public transport, with shops, parks, schools, and other amenities nearby. Its proximity to major roads makes it convenient for any future commercial or residential activities, ensuring great visibility and accessibility for clients or residents.
Why This Property?
This property presents an incredible opportunity for investors, developers, or business owners to repurpose a spacious building with business rights. Its larger classroom spaces make it particularly suited for a variety of commercial and residential projects. Whether you are looking to expand your existing business or create a new community asset, this property offers endless possibilities.
With its generous size, business consent, and prime location, this property is an ideal candidate for redevelopment or adaptive reuse—providing value and return on investment for the savvy buyer.
The property sits on a 1,995-square-meter plot with 575 square meters of building area under roof. The existing structure boasts spacious classrooms and communal areas, making it adaptable to a range of uses that can better serve the area’s current demands.
Key Features:
• Land Size: 1,995 sqm
• Building Size: 575 sqm under roof (Larger classroom spaces)
• Consensual Rights for Business: Previously utilized as a school, with zoning that permits a variety of business uses
• Current Use: School (operating at less than full capacity)
• Zoning: Residential with permissions for commercial use
Redevelopment and Repurposing Opportunities:
This property is well-suited for a variety of redevelopment opportunities, thanks to its generous building size and business consent. Some potential uses include:
• Educational Facilities: Given its size and existing infrastructure, the property could be revived as a private school, training centre, or vocational school, catering to the growing demand for education services. The spacious classrooms and specialized areas make it ideal for an education-related purpose.
• Commercial Offices or Co-Working Spaces: The expansive classrooms and hallways can be easily converted into open-plan office spaces, meeting rooms, or collaborative workspaces. This would be perfect for corporate offices, start-ups, or a co-working space targeting local businesses.
• Healthcare or Therapy Clinics: The large, open areas provide an ideal layout for repurposing into medical centres, physiotherapy clinics, or specialized health facilities, such as mental health services, rehabilitation centres, or wellness clinics.
• Multi-Unit Residential Development: The sizeable plot allows for the possibility of residential development, such as the creation of apartments, townhouses, or duplexes, meeting the growing demand for housing in the area. The existing building can be either renovated or incorporated into the new development.
• Community or Recreational Centre: With its large footprint, the property could be converted into a community centre, gymnasium, or recreational facility, providing a much-needed space for local events, fitness programs, or youth activities.
• Mixed-Use Development: The combination of residential and commercial uses offers flexibility for creating a live/work space—ideal for businesses looking to combine living and operational areas in one location, such as art studios or small retail spaces with residential units above.
Land Use and Expansion Potential:
The property’s 1,995 square meters of land allows for substantial room for expansion. The building can be either expanded to create more usable space or the land could be utilized for additional development. Whether adding extra floors to the existing structure or constructing new facilities on the land, the potential for further development is clear.
Given the business consent for the site, the possibilities are wide-ranging and can adapt to future community and business needs. Additionally, the large plot ensures that any redevelopment maintains harmony with the surrounding residential properties, enhancing its appeal for long-term investment.
Location and Accessibility:
Situated in a quiet residential neighbourhood, this property enjoys the best of both worlds—privacy and accessibility. The location is easily accessible by public transport, with shops, parks, schools, and other amenities nearby. Its proximity to major roads makes it convenient for any future commercial or residential activities, ensuring great visibility and accessibility for clients or residents.
Why This Property?
This property presents an incredible opportunity for investors, developers, or business owners to repurpose a spacious building with business rights. Its larger classroom spaces make it particularly suited for a variety of commercial and residential projects. Whether you are looking to expand your existing business or create a new community asset, this property offers endless possibilities.
With its generous size, business consent, and prime location, this property is an ideal candidate for redevelopment or adaptive reuse—providing value and return on investment for the savvy buyer.
Features
Zoning
Mixed Use
Exterior
Security
No
Sizes
Floor Size
575m²
Land Size
1,995m²
