Commercial space in Glenlily

159 Voortrekker Road is a well-established, fully occupied mixed-use building positioned on a prominent corner along the Voortrekker Road corridor in Parow. The property generates approximately R200 160 per month from a combination of six ground-floor retail tenancies and 23 residential rooms, with eight additional ground-floor suites. Current occupancy is 100.

The building presents across two levels with a rooftop terrace area currently used as a communal outdoor space. The residential accommodation is configured around shared communal facilities, including fully fitted shared kitchens equipped with gas hobs, extraction, and individual lockable storage per resident, communal bathrooms with multiple shower, vanity, and toilet facilities, and a welcoming entrance corridor with seating. A selection of studio-style rooms with built-in wardrobes and living areas are also present within the building, demonstrating the range of accommodation configurations already in place.

The first floor includes a substantial commercial office component with multiple private offices, a boardroom, additional work areas, and separate male and female ablution facilities. This can be converted to student accommodation for extra income. On-site parking is available at the rear of the building.

Zoned GB4, the property carries approved plans for a 13-room terrace expansion and an additional development footprint of approximately 556m², bringing estimated long-term bed capacity to between 75 and 150 units subject to conversion strategy. The ground-floor suites offer further repositioning flexibility as additional student rooms, micro-apartments, or shared study and communal facilities.

The location supports the investment case directly. The building sits within close proximity to CPUT, UWC, and Northlink College, with strong public transport access along one of Cape Towns most active urban arterials. Demand for secure, well-located student and young professional accommodation in this corridor continues to materially exceed available supply.

The property is available for viewing strictly by appointment. Financial information, rental schedules, and approved expansion plans are available to qualifying investors on request.

Key Highlights

Asking Price: R23 000 000

Current monthly income: approximately R200 160

6 retail tenancies, 23 residential rooms, 8 ground-floor suites

100 occupied

Zoning: GB4

Communal kitchens with individual lockable storage per resident

Communal bathrooms, separate male and female facilities

Studio-style rooms with built-in wardrobes

Rooftop communal terrace with mountain views

First-floor commercial offices including boardroom

On-site parking

Approved terrace expansion: 13 additional rooms

Additional development rights: approximately 556m²

Long-term bed potential: 75 to 150 units

Proximate to CPUT, UWC, and Northlink College

Excellent public transport access on Voortrekker Road corridor