Mixed Use for sale
Tap into Cape Town’s academic pulse — turnkey, income-producing mixed-use building on Voortrekker Road with modern interiors, 267m² outdoor balcony for expansion, and secure off-street parking.
Introducing a rare mixed-use, high yield investment opportunity in the heart of Parow’s rapidly developing commercial and student district.
The building has upmarket, modern interiors and quality finishes. Perfectly positioned along Voortrekker Road, one of Cape Town’s busiest arterial routes, this fully operational, fully tenanted building offers:
- exceptional income stability
- modern upgrades
- significant future expansion potential
LOCATION ADVANTAGE
Situated in Parow’s bustling commercial corridor, the property benefits from:
THE OPPORTUNITY
This is a turnkey, income producing asset with:
The residential portion of the property has recently been professionally renovated, ensuring minimal maintenance and strong tenant retention.
INVESTMENT HIGHLIGHTS
Total current Income - +/- R 201 000 pm
- 6 Retail Shops: 100% Retail occupancy
Income: ± R87 000 per month
High visibility frontage on Voortrekker rd.
Off-street customer parking
Stable long-term tenants
Prepaid water meters in retail units
- 23 Residential units:
Income: ± R114 000 per month
Strictly vetted tenant base consisting primarily of young working professionals and students from nearby UWC and colleges
Modern communal kitchen and ablution facilities, prepaid electricity, individual lockers
Well-managed levy system covering gas, water, wi-fi and cleaning costs
- 8 Ground floor offices:
Offices for on site supervisor and maintenance personnel (units excluded from income)
Could be rented out as offices or dorm rooms for additional monthly income
Manager’s office
CCTV control room
Secure access
9 secure off-street parking bays (4 covered)
Additional off street parking
- Further expansion potential:
Plans underway for 13 additional rooms, with the first floor dry wall configuration allowing easy reconfiguration.
A large outdoor balcony (267m2) offers further development potential.
UNLOCKING A PRIME STUDENT ACCOMMODATION INVESTMENT
Situated in the heart of Cape Town’s academic hub, this property offers a lucrative opportunity to tap into the growing demand for student housing from CPUT and UWC. With NSFAS funding guaranteeing consistent rental income, the numbers speak for themselves:
R312 450 per month at NSFAS’s rate of R4 166 per student.
This is more than just accommodation, it’s a stable, scalable income stream backed by government funding and driven by ever-growing student demand. With the expansion already approved, investors can step into a high-yield opportunity with immediate returns and long-term growth.
A rare chance to secure a high performing investment in one of Cape Town’s most active mixed use corridors.
Please contact me for detailed financial information, including current capital value calculation
All figures provided by management
Ingrid Wiese is a representative of Real Estate Power CC trading as REAL REALTY
Listed for sale at R23,000,000
Price reduced by 13.9% to R19,800,000
Glenlilly is a centrally located, established residential neighborhood in Parow that offers residents convenient access to major transport routes, essential amenities, and a blend of traditional suburban living.
