448 m² Commercial space in Newlands West

Business-Zoned Mixed-Use Investment Property in Newlands with Strong Rental Income & Upside

Located in Newlands, in close proximity to Bassa Hardware, this property enjoys excellent accessibility and strong surrounding commercial activity, making it a highly attractive income-generating investment opportunity.

Zoned for business use, the property is ideally positioned for investors seeking a mixed-use asset with long-term growth potential and rental upside.

Income-Generating Property

This fully tenanted property consists of:

4 retail shops

1 one-bedroom apartment

3-bedroom main house

Current rental income: R26,500 per month

Existing rentals are below market value, offering immediate potential for rental optimisation and increased returns.

Projected Income After Rental Adjustment

Based on conservative market-related estimates:

Retail shops: R6,000 R7,000 each

One-bedroom apartment: R5,500 R6,500

Main house: R8,000 R10,000

Estimated potential rental income: R37,500 R44,500 per month

This represents a realistic and achievable increase, significantly improving overall return on investment.

Residential Features

Main Residence:

2-bedroom home with a flexible layout

Separate dining room that can be converted into a third bedroom, home office, or additional rental space

2 bedrooms with en-suite bathrooms

Air-conditioning installed

One-Bedroom Apartment:

En-suite bathroom

Open-plan kitchen and living area

Air-conditioned

Separate water sub-meter

Investment & Expansion Potential

Plans in place for further extension

Opportunity to further increase rental yield

Positioned in a growing commercial node with strong demand

Key Highlights

Business zoning long-term capital growth

Multiple income streams reduced risk

Under-market rentals immediate value-add opportunity

High-visibility location near Bassa Hardware strong tenant demand

A strategic opportunity to acquire a well-located, income-producing property in Newlands with strong upside potential and scalable returns.