Residence/Private School for Sale in Kwazulu-Natal, South Africa

Five Luxury Victorian House/Private School

Asking Price: 870,000 USD
This estate comprises of five large houses now developed into ten apartments and a private school all set in over 5 acres. There are 2 swimming pools on the property. The owners main residence has designer decor and is set for luxury colonial living. The school which is a family business, was established in 1966. The owner is now retiring. The Audrey Brown School is registered for 200 chhildren but application maybe made for more. There is a staff of 25 comprising of academic,music,ballet,karate,computer teachers and domestic staff. Within the school grounds there is an animal farm. This school has been quoted as being prime land and the gateway to The City of Pietermaritzburg. It is the biggest pre-school within the city and suburbs. This estate is registered as an appendix 4 which is business,residential and flat rights. The property lends itself to other potentials i.e. old age home, nursing home, Aids orpheanage and numerous others. The ten apartments are at present rented out, thus enjoying a substantial in-come. This is, of course a separate income to the school. Although this estate is set in a quiet tranquil area it is only a five minute drive to the city centre and Oribi Airport. This estate is partly walled and partly ballastraded and has a 24 hr security. This property has to be seen to be appreciated. Included in the price is a Cape residential plot of land at Betty's Bay which has been in the family for over 50 years. It is 1271m2, situated within walking distance of the sea. This land is also being sold separately, therefore no guarantee of availability can be given. For further details contact the owner Audrey Brown direct.