Entrepreneurial opportunity in Pelican Park — prominent corner erf with high visibility and easy access, currently used as a school with removable containers and five open parking spaces.
An outstanding opportunity to acquire a well-located 830m2 corner erf in Pelican Park, offering excellent visibility, accessibility, and development potential.
Currently utilised as a school, this property is zoned SR1 (Single Residential 1), providing flexibility for residential use while also presenting potential for consent use or rezoning for business or community purposes.
Positioned on a prominent corner, the property benefits from increased exposure—ideal for those looking to develop, invest, or establish a business presence in a growing area.
Key Features:
Erf size: 830m2
Corner property with high visibility
Zoned SR1 (Single Residential 1)
Currently operating as a school - Containers on site, they can be removed or purchased.
Potential for development, investment, or business use (subject to approvals)
This is a rare opportunity to secure a versatile property with strong future potential.
Tarryn Scholtz is a representative of Real Estate Power CC, trading as REAL REALTY
Listed for sale at R1,195,000
Compared with 22 active listings in Cape Town.
Insight
Priced 46% below the local median — and below the typical range for Cape Town.
It sits below similar land even on a price-per-m² basis — position, zoning or services may explain the gap. Benchmarked on town-level data where the suburb sample is limited. Premium pockets may trade above town averages — check with the agent for local guidance.
Similar properties pricing
Key differences
Good value · based on 22 listings
More compact · based on 22 listings
Market depth
22 listings
Similar homes town-wide
72 days
Median time on market
Medium inventory
Active across Cape Town
Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Zeekoevlei offers a tranquil, nature-focused lifestyle centered around its iconic lake, providing residents with a peaceful suburban retreat that remains conveniently connected to the broader Cape Town metropolitan area.
