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Private School With Property On The East Rand For Sale

Eastrand, Gauteng, South Africa
Asking Price:
R19,000,000
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

The school was established in 1991 and operated as a primary school until 2004 when the current owner established a high school. There has been a demand for good schools in the area and this school is registered with the GDE, IEB, and ISASA.
Like all other private schools, this Preparatory School and College was affected by the recent COVID 19 pandemic however, the school has recovered well and is going from strength to strength. It currently has some around 200 pupils in 25 class rooms. It employs 24 Academic staff and 7 other staff and is situated on approximately 7,500 square meters. The owners manage the operations on a day to day basis with delegated authority to the two principals who run the Primary and High Schools respectively.
At the asking price of R 19 million including the property, this is considered a bargain for the astute educationalist.

Property Information

Real Estate:

Real Property Included

Location:

East Rand

Premises Details:

The school is situated on approximately 7,500 square meters with expansion possibilities

Size in square feet:
7500 sq meters
Planning Consent:

Yes

Business Operation

Expansion Potential:

Yes

Competition / Market:

Yes

Trading hours:

07h30 to 15h30

Employees:
31
Years established:
1991

Other Information

Support & training:

Yes

Furniture / Fixtures value:
R1,000,000
Inventory / Stock value:
R50,000