2 400 m² Commercial space in Milnerton Central

An exclusive development opportunity an exceptional offering with the potential to be transformed into a world-class boutique hotel and luxury retail destination, setting a new benchmark for elegance and sophistication.

Millvale House, prominently located in Milnerton Central just off Marine Drive R27, facing Woodbridge Island.

This versatile GB3-zoned commercial asset perfectly bridges the gap between immediate cash-flow security and substantial development upside.

Investment Highlights:

Purchase Price: R36,000,000

Immediate Gross Rental Income: R127,695 per month Ground Floor fully let

Ground Floor 1,000 m2: Fully tenanted commercial and retail footprint, including a potential active foyer coffee shopdeli.

First Floor 1,000 m2: Open-canvas shell mix of grey and white box ready for immediate custom office or medical suite fit-out.

Second Floor 400 m2: Premium top-tier shell with balcony access, boasting panoramic views of Table Mountain, the Atlantic coast, and the golf course.

Basement 1,000 m2: Secure underground parking for approximately 30 bays plus dedicated tenant storage units.

Why this will appeal to your database:

1.For Owner-Occupiers: The incoming R127k monthly rental heavily subsidizes the bond, while the 1,400 m2 upper levels allow a corporate tenant to custom-build their dream headquarters with prominent street visibility.

2.For Institutional Investors: A significantly de-risk asset with immediate income to cover holding costs while optimizing the remaining GB3 bulk for A-grade office space, medical suites, or high-density residential conversions.

We have a comprehensive information portfolio prepared and would be delighted to share it, with you at your convenience.

Kindly note: The enclosed renderings serve to demonstrate potential development concepts.

Please reply directly or call me to arrange a private site inspection