Commercial for sale
Central urban convenience on Koeberg Road in lively Brooklyn, minutes from Cape Town CBD — mixed-use asset with prominent retail frontage, 13 apartments and proven rental income.
Landmark Mixed-Use Investment on Koeberg Road, Brooklyn
An outstanding opportunity to acquire a substantial mixed-use building in the heart of Brooklyn, Milnerton, one of Cape Town`s increasingly sought-after investment precincts. Perfectly positioned on the busy Koeberg Road, this prominent property combines reliable rental income with significant future value-add potential.
Comprising approximately 1,400 m2 under roof, the property offers an excellent blend of commercial and residential accommodation, all benefiting from consistent tenant demand and excellent accessibility.
Property Composition
Ground Floor Retail
* Shop 1 – 36 m2
* Shop 2 – 47 m2
* Shop 3 – 73 m2
The three street-facing retail units enjoy exceptional exposure to passing traffic, making them well suited to a variety of businesses.
Residential Accommodation
The remainder of the building consists of 13 spacious apartments, including:
3 one-bedroom apartments of approximately 40 m2 each
10 two-bedroom apartments of approximately 70 m2 each
The generous apartment sizes continue to attract quality long-term tenants in an area where affordable, centrally located accommodation remains in high demand.
Investment Snapshot
* Approximate building size: 1,400 m2
* Secure, established tenancy throughout
* Current rental income of approximately R127,000 per month
* Estimated gross yield of 9,5%–11,5% at the asking price
* Multiple income streams across retail and residential sectors
* Approved plans available for due diligence
* Zoned GB1- General business 1
Prime Central Location
Brooklyn has become a preferred destination for investors due to its central position between Cape Town`s CBD, Century City and the northern suburbs. Koeberg Road remains one of the area`s main arterial routes, ensuring excellent visibility, accessibility and ongoing commercial activity.
The property is conveniently located within:
* Approximately 10 minutes of the Cape Town CBD
* Easy reach of Milnerton Beach and Lagoon Beach
* Minutes from Century City and Canal Walk Shopping Centre
* Close proximity to Montague Gardens, Paarden Eiland and the Port of Cape Town
* Quick access to the N1, N7 and major transport routes
The continued regeneration of Brooklyn, together with strong demand for both residential rentals and neighbourhood retail space, has positioned the area as an attractive destination for investors seeking dependable returns and long-term capital growth.
Unlock Additional Value
The property is not currently sectional title registered and is being sold as a single asset. This presents an excellent opportunity for a purchaser to sectionalise the building in the future, creating individually saleable retail shops and apartments, subject to the necessary legal processes.
Approved plans are available and will be provided to serious, qualified buyers upon request.
Properties of this scale, with diversified income, established occupancy and future development flexibility, seldom become available in such a strategic location.
Contact us today for a confidential discussion, financial information or to arrange a private viewing.
Listed for sale at R13,500,000
Brooklyn is a centrally located, established residential suburb in Milnerton that offers residents convenient access to Cape Town's city center, major industrial hubs, and coastal amenities.
