Commercial for sale
Commuter-friendly investment opposite Goodwood Station on Voortrekker Road, blending busy retail frontage with a 227m² convertible upper floor ideal for student accommodation or bachelor units.
HIGH-VISIBILITY MIXED-USE INVESTMENT WITH STUDENT ACCOMMODATION CONVERSION POTENTIAL
An exciting investment opportunity positioned on a prominent corner along Voortrekker Road, directly opposite Goodwood Station and ideally located for access to public transport and surrounding amenities.
The property currently generates a gross rental income of approximately R56,700 per month and offers investors an excellent opportunity to increase the property`s future rental yield through the conversion of the first floor.
UNLOCK THE POTENTIAL OF THE 227m2 FIRST FLOOR
The approximately 227m2 upper level is currently configured as multiple offices, with the majority of the internal divisions consisting of drywall partitioning.
This makes the space particularly suitable for reconfiguration and creates an exciting opportunity to investigate conversion into student accommodation, individual rental rooms or bachelor-style apartments, subject to the necessary municipal and other approvals.
For an investor, this offers the potential to retain the existing commercial income downstairs while converting the upper floor into a higher-yielding residential rental component.
The location directly opposite Goodwood Station, together with easy access to public transport and Voortrekker Road, further enhances the property`s potential for rental accommodation.
### EXISTING INCOME-PRODUCING COMMERCIAL COMPONENT
The ground floor comprises approximately 278m2 of retail space, currently divided into two shops, while an additional approximately 33m2 storeroom provides further usable space.
The property therefore offers a combination of:
With its existing income stream, flexible upper-floor configuration and excellent position, this property offers considerably more than its current use.
Ideal for the investor looking to acquire an income-producing asset with the potential to improve rental income and overall return on investment.
Contact me to arrange a private viewing or for further information.
Listed for sale at R6,195,000
Price reduced by 3.2% to R5,999,000
Vasco Estate is a centrally located, established residential neighborhood in Goodwood that offers residents convenient access to major transport routes, essential amenities, and a quiet suburban lifestyle.
