538 m² Commercial space in Vasco Estate

Student Accommodation Potential | Established Commercial Income | GB4 Zoning

A high-visibility corner property opposite Goodwood Station, offering investors the opportunity to combine existing commercial rental income with the potential to develop a student accommodation component.

Positioned along the prominent Voortrekker Road corridor, this mixed-use investment property offers an attractive value-add proposition in a location with excellent public transport connectivity and access to surrounding amenities.

Currently generating approximately R56,700 in gross monthly rental income, the property provides an existing income base while presenting an opportunity to explore additional rental revenue through the potential conversion of the first floor into student accommodation.

FIRST FLOOR | POTENTIAL STUDENT ACCOMMODATION

The approximately 227m² first floor is currently configured as office space, with most internal divisions consisting of drywall partitioning. This offers flexibility for a potential reconfiguration, subject to feasibility and the necessary approvals.

The location opposite Goodwood Station makes student accommodation an opportunity worth investigating, particularly for tenants seeking convenient access to public transport and nearby educational facilities.

Indicative accommodation potential:

Approximately 227m² of existing first-floor space.

An estimated 170180m² of potentially usable accommodation area, subject to the final layout.

Preliminary target of approximately 1418 student beds, subject to detailed design and compliance requirements.

Potential to configure individual student rooms with shared kitchen, bathroom and communal facilities.

Existing partitioning that may allow for a more flexible and cost-effective internal reconfiguration.

Opportunity to establish a dedicated student rental income stream alongside the propertys existing commercial component.

The proposed bed capacity is an initial estimate only. A professional feasibility assessment would be required to determine the achievable number of occupants, compliant room sizes, fire safety provisions, ventilation, sanitary facilities and other applicable requirements.

GROUND FLOOR | EXISTING COMMERCIAL INCOME

The ground floor comprises approximately 278m² of retail space, currently divided into two shops, together with an additional 33m² storeroom.

Its prominent corner position along Voortrekker Road offers excellent street visibility and exposure to passing traffic, providing an established commercial component within the investment.

Potential strategies include:

Retaining the existing retail tenants to preserve commercial rental income.

Reviewing rental levels and lease structures to optimise returns over time.

Exploring complementary retail or service-based business opportunities.

Investigating the feasibility of an additional income-generating operation, such as a car wash, subject to available space, access and municipal approvals.

The existing commercial component offers investors the opportunity to retain a rental income base while assessing the viability of introducing a second accommodation-focused income stream upstairs.

INVESTMENT HIGHLIGHTS

Existing gross rental income: Approximately R56,700 per month.

Annualised gross rental income: Approximately R680,400, based on the current monthly figure.

First-floor conversion potential: Approximately 227m² of office space.

Indicative student accommodation capacity: Approximately 1418 beds, subject to feasibility and approvals.

Ground-floor retail: Approximately 278m², currently divided into two shops.

Additional storage: Approximately 33m².

Strategic location: Prominent corner position on Voortrekker Road, directly opposite Goodwood Station.

Zoning: GB4.

Value-add opportunity: Potential to diversify rental income through a combination of commercial tenants and student accommodation.

AN INVESTMENT WITH ROOM TO GROW

This is an opportunity to acquire an income-producing commercial property with the potential to unlock additional value through a carefully considered change in the use of the first floor.

The investment proposition is straightforward: retain the commercial income downstairs while investigating the potential to introduce student accommodation upstairs.

For investors seeking an established rental income base with scope to improve the propertys income profile over time, this Goodwood property presents an opportunity worth exploring.

Enquire today for further information or to arrange a private viewing.

Important notice: All student accommodation proposals, estimated bed capacities, alternative business uses and potential rental improvements are indicative only and have not been confirmed as approved or achievable. Any conversion or change of use is subject to professional feasibility assessments, applicable zoning rights, municipal consent, building regulations, fire and safety requirements, parking provisions and all other relevant statutory approvals. Existing rental income should be independently verified. No future rental returns are guaranteed.