538 m² Commercial space in Vasco Estate

Details

HIGH-VISIBILITY MIXED-USE INVESTMENT WITH STUDENT ACCOMMODATION CONVERSION POTENTIAL HIGH-VISIBILITY MIXED-USE INVESTMENT WITH STUDENT ACCOMMODATION CONVERSION POTENTIALAn 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 propertys future rental yield through the conversion of the first floor.UNLOCK THE POTENTIAL OF THE 227m² FIRST FLOORThe 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 propertys potential for rental accommodation.EXISTING INCOME-PRODUCING COMMERCIAL COMPONENTThe 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:Existing rental incomeApproximately 278m² ground-floor retail spaceApproximately 227m² first-floor officeconversion spaceApproximately 33m² storeroomTwo established ground-floor retail shopsHigh-exposure corner positionDirectly opposite Goodwood StationExcellent public transport accessibilityGB4 zoningPotential student accommodation or bachelor apartment conversionFurther value-add and redevelopment potentialWith 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.

Location