Property features

R4 380 000
Rates R6500 pm

Property Details

The Seller is a VAT vendor and VAT is excluded from the price. No transfer duty is payable on VAT transactions. Situated in the heart of Central Polokwane, this impressive 1903 sqm stand offers a unique opportunity for both educational and developmental purposes. The property is securely walled on all sides, ensuring privacy and safety. Currently zoned for educational use, it can accommodate a maximum of 102 learners, making it an ideal setting for a thriving school environment. Originally designed as a residential home, the property has undergone extensive renovations and expansions to transform it into a fully functional educational facility. It now features six spacious classrooms, each designed to foster an engaging learning atmosphere. Complementing the classrooms are seven well-appointed bathrooms, two kitchens, an office, and three additional store rooms, providing ample space for both administrative and operational needs. The overall condition of the property is exceptionally neat, making it ready for immediate use. Water supply is reliable, provided by the municipality, and enhanced by a 5000-liter backup system to ensure uninterrupted access. Security is a top priority, with robust features including an alarm system, burglar bars, security gates, and the comprehensive walls that encircle the property, ensuring a safe environment for both students and staff. For those looking to explore alternative development opportunities, the zoning can be changed to allow for the redevelopment of townhouses. Existing plans for the construction of 16 units are available, presenting a fantastic investment prospect. This flexibility makes the property a versatile option for buyers looking to enter the education sector or the residential property market in a desirable location. Don’t miss the chance to acquire this well-maintained property with multiple avenues for growth and development in Central Polokwane. Whether you aim to expand educational services or venture into residential development, this property stands as a promising investment opportunity.