Property features

R6 000 000

Property Details

Sydenham Retirement Village was established on 1 August 2004 and has served as a safe and secure home for elderly residents. Originally three separate erven, the property has been consolidated and re-zoned to meet the needs of its purpose. This 1055 sqm property on a 2149 sqm property is well-situated in a quiet area of Sydenham while being within walking distance of many amenities. As a bonus, there is also a fully functional restaurant with all the required licensing. Property Features Main Building:29 bedrooms5 bathrooms (some with separate toilets or showers)2 Dining rooms2 loungesOfficeKitchenSickbay room2 Lobbies2 storerooms Restaurant-Zoned Building:Fully equipped kitchenDining area with space to seat many guestsBathroom with 4 toilets and basinOutdoor barbecue facilitySeparate office / shopPossibility for many secure parking bays Additional Features:Secure parking behind gates for 6 vehiclesMultiple 5000L water tanks with pump and filtration system for filtered rainwaterLovely front garden creating a homely and welcoming environment Zoning Details587 sqm zoned for special purposes (restaurant)Remaining area zoned for special purposes (old age home and limited medical use) Possible usages for this property Investment Opportunity This property offers a dual-purpose investment:Retirement Home: Continue its legacy as a safe and secure residence for elderly people.Restaurant: Utilize the second building to generate additional income by operating a dining facility for residents and the broader community. The combination of zoning, facilities, and location makes this property a versatile and profitable investment opportunity. here is some options: Continue as a Retirement Home or Frail Care Centre The property was purpose-built for elderly care with 29 bedrooms, sickbay, multiple bathrooms, and communal spaces already in place. Minimal changes would be needed, and there is growing demand for secure elderly accommodation. Assisted Living or Step-Down Facility The layout allows for a hybrid model where semi-independent seniors can live with medical support on-site. This fits the old age home zoning perfectly and leverages the sickbay and communal facilities. Rehabilitation or Wellness Centre The peaceful environment, medical infrastructure (sickbay), and accommodation layout suit a rehab centre (e.g., for physical recovery, addiction, wellness retreats). Old age home zoning supports similar "care" functions. Specialty Restaurant with Event Space The 587 sqm restaurant-zoned portion is ideal for a destination restaurant. The outdoor barbecue area, ample dining space, and potential extra parking suit an eatery hosting private functions, weddings, or business events. Training Centre or Skills Development Academy The large number of rooms could serve as classrooms or training rooms, lounges for breakaway sessions, and the restaurant area for catering. Educational and skills facilities often align with "special purpose" zoning if community benefit can be demonstrated. NGO / NPO Headquarters with Community Outreach Non-profit organizations often need office space, training rooms, accommodation (for volunteers or beneficiaries), and a kitchen. The property's layout is ideal, and zoning for "special purpose" fits many community-based initiatives.