Commercial for sale
Prime goodwood investment - student accommodation conversion potential with commercial income
Commuter-focused corner on Voortrekker Road opposite Goodwood Station, ideal for mixed-use investment — ground-floor retail income and flexible first-floor space with potential for 14–18 student beds.
HIGH-VISIBILITY CORNER PROPERTY OPPOSITE GOODWOOD STATION | GB4 ZONING
An exciting mixed-use investment opportunity prominently positioned along Voortrekker Road, directly opposite Goodwood Station, offering excellent exposure, convenient public transport access and significant potential to increase rental returns.
Currently generating a gross rental income of approximately R56,700 per month, this property presents an opportunity for investors to retain commercial operations on the ground floor while exploring the conversion of the upper level into student accommodation.
FIRST FLOOR – STUDENT ACCOMMODATION POTENTIAL
The approximately 227m2 first floor is currently configured into multiple offices, with most internal divisions consisting of drywall partitioning, allowing for potentially cost-effective reconfiguration.
The space offers exciting potential for conversion into student accommodation, individual rental rooms or bachelor-style units.
Preliminary accommodation potential:
- Approximately 227m2 gross floor area
- Estimated 170–180m2 usable area after allowing for corridors, circulation and partitioning
- Theoretical capacity of approximately 20–24 beds, subject to layout and compliance requirements
- More realistic preliminary target of 14–18 beds, allowing for additional bathrooms, kitchen facilities and communal areas
- Existing drywall partitions offer flexibility for internal alterations
- Potential to establish a student rental income stream alongside the existing commercial component
The property`s proximity to Goodwood Station, public transport routes and surrounding amenities makes it an attractive location to investigate for student accommodation.
GROUND FLOOR – COMMERCIAL INCOME & ADDITIONAL BUSINESS POTENTIAL
The ground floor offers approximately 278m2 of retail space, currently divided into two shops, together with an additional 33m2 storeroom.
The prominent corner position provides excellent visibility for commercial tenants and passing traffic.
Additional opportunities to investigate include:
- Retaining the existing two retail shops for rental income
- Exploring a car wash operation as an additional income stream, subject to available space and municipal approvals
- Potential for complementary retail or service-related businesses
- Opportunity to optimise the existing commercial space and rental returns
PROPERTY HIGHLIGHTS
- Existing gross rental income of approximately R56,700 per month
- 278m2 ground-floor retail space
- 227m2 first-floor office space with student accommodation conversion potential
- 33m2 additional storeroom
- Two existing ground-floor retail shops
- Potential for approximately 14–18 student beds, subject to feasibility
- Additional car wash business potential
- Prominent corner position on Voortrekker Road
- Directly opposite Goodwood Station
- Excellent public transport accessibility
- GB4 zoning
- Further redevelopment and value-add opportunities
INVEST TODAY – UNLOCK TOMORROW`S RENTAL POTENTIAL
An ideal opportunity for an investor looking to acquire an existing income-producing commercial property with the potential to introduce a student accommodation component and additional commercial income streams.
Retain the commercial income downstairs, explore student accommodation upstairs and unlock the property`s full investment potential.
All proposed conversions, bed capacities, car wash operations and redevelopment opportunities are indicative and subject to feasibility assessments, applicable zoning rights, municipal approvals, building regulations and other statutory requirements.
Contact me for further information or to arrange a private viewing.
Ownership costs
Property history
Listed for sale at R6,195,000
Price reduced by 3.2% to R5,999,000
