301 m² Commercial space in Woodstock

Opportunity knocks with this iconic heritage property situated on the bustling main road in Woodstock, offering high exposure and excellent passing traffic. This mixed-use property presents a versatile investment with strong development potential and a total bulk of 1,204 m2.

The property comprises four retail units, three of which are currently tenanted, while one remains vacant, providing immediate income and room for growth. Two tenants are on flexible month-to-month leases, and one tenant has a secured lease running until May 2028.

When fully let, the property generates a gross income of R39,330 per month (excl. VAT). All units are prepaid for water and electricity, ensuring ease of management.

Financial Details:

- Purchase Price: R5,000,000 (excl. VAT may be zero-rated)

- Rates: R1,958 per month

- Local Improvement District Levy: R200 per month

With its prime location, strong rental income, heritage charm, and significant development potential, this property is ideal for investors seeking a secure, income-generating asset in one of Cape Towns most vibrant hubs.

For more information or to arrange a viewing, contact your property agent today.