R5,300,000
BUSINESS OPPORTUNITY - RETIREMENT VILLAGE WITH LICENCED RESTAURANT
Sydenham Retirement Village was established 21 years ago and served as a safe and secure home for elderly residence. This chapter is now finished and a fresh approach is needed to change this 1050 sqm property on a 2149 sqm plot to an investment opportunity. As a bonus, there is a fully equipped restaurant on the premises with all the consents needed.
PROPERTY FEATURES
- 29 Bedrooms
- 5 Bathrooms
- 2 Dining rooms
- 2 Lounges
- Office
- Kitchen
- Sickbay room
- 2 Lobbies
- 2 Store rooms
RESTAURANT-ZONED BUILDING
- Fully equipped commercial kitchen
- Dining area with space for approximately 30 - 40 people
- Bathroom with 4 toilets and basins
- Outdoor barbecue facility
- Separate office / shop
ADDITIONAL FEATURES
- Secure parking for 6 vehicles
- Multiple 5000L water tanks with pump and filtration system
- Lovey front garden creating a homely and welcoming environment
ZONING DETAILS
- 587sqm zoned for special purposes (restaurant)
- Remaining property zoned special purposes (old age home and limited medical use)
POSSIBLE USAGES FOR THIS PROPERTY
1.Continue as a Retirement Home or Frail Care Centre and restaurant
The property was purpose-built for elderly care with 29 bedrooms, sickbay, multiple bathrooms and communal space. The restaurant can generate additional income by operating as a dining facility for residents as well as for the broader community.
2.Assisted living or Step-Down Facility
The layout of the property allows a hybrid model where semi-dependent seniors can live with medical support on-site. This fits the old age home zoning perfectly and leverage the sickbay and communal facilities.
3.Rehabilitation or Wellness Centre
The peaceful environment, medical infrastructure (sickbay), and accommodation layout suits a rehab centre (e.g., for physical recovery, mental recovery, addiction, wellness retreats).
4.Training Centre or Skills Development Academy
The large number of rooms could serve as classrooms or training room, lounges for breakaway sessions, and the restaurant area for catering training and also generating additional income.
5.NGO / NPO Headquarters with Community Outreach
Non-profit organizations often need office space , training rooms, accommodation(for volunteers or beneficiaries) and a kitchen.
6.RELIGIOUS ORGANISATIONS
Several churches are seeking a property where they can not only conduct worship services but also to provide support to their parishioners and the broader community. This includes the need for accommodation, dedicated space for sermons, and facilities to serve meals to both members and individuals in need.
7.STUDENT ACCOMODATION
This property is ideally suited for student accommodation due to its spacious layout, multiple bathrooms, and communal facilities, including the restaurant for their meals. Its proximity to public transport and educational institutions and essential amenities. makes this property an attractive option for student accommodation. However, the necessary consent would need to be obtained from the Nelson Mandela Municipality, which could take several months.
Features
Exterior
Sizes
Extras
Appliances Included • Wheelchair Accessible • Safe Location • Upgraded Bathroom • Washing Facilities(in building) • Fireplace Room • Common Areas • Washing Facilities (in apartment) • Near Park • Near Public Transportation • Wood Floors • Fence • Near University/Campus • Near Shopping Mall • Aluminium Windows • Restaurant area • Staircase • Near Highway • Eat-in Kitchen • Entrance Hall • Near Shops • Near Schools
Get Email Alerts
Sign-up and receive Property Email Alerts of Buildings for sale in Sydenham, Port Elizabeth.
Disclaimer: While every effort will be made to ensure that the information contained within the eXp South Africa website is accurate and up to date, eXp South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
