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
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 16 listings in Cape Town (town)
Insight
Priced below the median for similar land listings in the area. On a price-per-land-m² basis, it is 72% below the median. Land size is 16% smaller than typical for similar land.
Similar properties pricing
Key differences
Affordability
R 11,731 / month
Estimated bond repayment
20 years · 10.25% · 0% deposit
Market depth
16 similar listings
Medium similar land inventory town-wide (Cape Town)
Median time on market: 220 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
Zeekoevlei offers a tranquil, nature-oriented lifestyle centered around the Zeekoevlei lake, appealing to those seeking outdoor activities and a close-knit community.
* Distances and amenities are approximate.