1 400 m² Commercial space in Brooklyn
Brooklyn, Milnerton, Western Cape
Lettable area read from the listing title — the lister did not state a figure. Confirm on inspection.
Listed by
Barry Fairlie
eXp South Africa
Details
Calling Investors - High-Yield Mixed-Use Investment with Future Sectionalisation Potential Landmark Mixed-Use Investment on Koeberg Road, BrooklynAn outstanding opportunity to acquire a substantial mixed-use building in the heart of Brooklyn, Milnerton, one of Cape Towns 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 CompositionGround Floor RetailShop 1 36 m²Shop 2 47 m²Shop 3 73 m²The three street-facing retail units enjoy exceptional exposure to passing traffic, making them well suited to a variety of businesses.Residential AccommodationThe remainder of the building consists of 13 spacious apartments, including:3 one-bedroom apartments of approximately 40 m² each10 two-bedroom apartments of approximately 70 m² eachThe generous apartment sizes continue to attract quality long-term tenants in an area where affordable, centrally located accommodation remains in high demand.Investment SnapshotApproximate building size: 1,400 m²Secure, established tenancy throughoutCurrent rental income of approximately R127,000 per monthEstimated gross yield of 9,511,5 at the asking priceMultiple income streams across retail and residential sectorsApproved plans available for due diligenceZoned GB1- General business 1Prime Central LocationBrooklyn has become a preferred destination for investors due to its central position between Cape Towns CBD, Century City and the northern suburbs. Koeberg Road remains one of the areas main arterial routes, ensuring excellent visibility, accessibility and ongoing commercial activity.The property is conveniently located within:Approximately 10 minutes of the Cape Town CBDEasy reach of Milnerton Beach and Lagoon BeachMinutes from Century City and Canal Walk Shopping CentreClose proximity to Montague Gardens, Paarden Eiland and the Port of Cape TownQuick access to the N1, N7 and major transport routesThe 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 ValueThe 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.
Location
Map showing the location of 1 400 m² Commercial space in Brooklyn