House for sale
Live and earn in family-oriented Parow North, moments from schools and shops; income-producing creche (consent for 29 children) plus bachelor apartment, four bedrooms and double garage.
SOLE MANDATE: This excellent investment opportunity is situated in the sought-after suburb of Parow North, offering approved consent use for a creche with a maximum capacity of 29 children. Currently there are 11 children at the Creche, but new owners can increase their income by getting more children.
The current owners operate an established creche business from the property, charging approximately R3,000 per child per month, providing a solid and monthly income stream for an investor or owner-operator.
Additional Income Stream:
The property includes a separate bachelor apartment currently generating R8000 per month, adding further value and income potential.
A major benefit of this property is that a buyer can subsidise their bond repayments using the existing income, while having the option to work from home through the creche operation or an alternative business setup.
Main house features:
* 4 bedrooms or 3 beds and study
* 1.5 bathroom (toilet, bath, basin plus separate shower)
* Lounge
* TV room
* Kitchen / Dining area
* Double garage
* Double carport
Creche:
* Inside play area
* Separate entrance from side street.
* Outside play area
* Jungle gyms
Additional features:
* Bachelor apartment plus ensuite(R7,500 pm rental income)
* Swimming pool (requires TLC)
* Parking and storage
This property is ideal for:
* Investors seeking a reliable income-generating asset
* Owner-occupiers wanting to live on-site while earning an income
* Entrepreneurs looking to work from home
* Buyers wanting a property with consent use already in place
Located in a family-oriented area with strong demand for childcare facilities, this property offers a rare opportunity to combine residential living with ongoing income.
Contact me to arrange a private viewing and to discuss the income potential in more detail.
Listed for sale at R3,750,000
Price reduced by 2.7% to R3,650,000
Parow North is a well-established, family-oriented residential suburb that offers residents convenient access to major transport routes, reputable schools, and essential urban amenities in the heart of the Northern Suburbs.
