1 581 m² Commercial space in Glenlily

An exceptional opportunity to acquire a fully tenanted, high-yield mixed-use building in the heart of Parows rapidly expanding commercial and student node. Positioned on the busy Voortrekker Road corridor, this asset combines strong current income, modern upgrades, and outstanding future growth potential.

The property has been thoughtfully upgraded with modern, upmarket finishes, offering a turnkey investment with immediate returns and long-term scalability.

Strategic Location Advantage

Located within one of Cape Towns busiest commercial routes, the property benefits from:

Close proximity to University of the Western Cape and Cape Peninsula University of Technology

Excellent access to public transport networks

High demand for secure, affordable accommodation

Strong retail exposure with consistent foot traffic

Ongoing urban regeneration in the Parow precinct

The Investment Offering

A fully operational, income-generating asset featuring:

Strong, stable monthly income

Near-zero vacancy levels

GB4 zoning allowing flexible usage

Proven tenant management systems

Recently renovated residential component ensuring low maintenance and high tenant retention

Income Breakdown | R201 000 per month

Retail Component 6 Shops

R87 000 per month

100 occupied with established tenants

Excellent street frontage on Voortrekker Road

Off-street customer parking

Prepaid water meters

Residential Component 23 Units

R114 000 per month

Occupied by vetted young professionals and students

Modern communal kitchen and ablution facilities

Prepaid electricity and individual storage lockers

Well-managed cost structure covering utilities, Wi-Fi, and cleaning

Additional Improvements & Facilities

8 ground-floor office spaces currently used for management and operations income upside potential

On-site managers office and maintenance facilities

CCTV monitoring and secure access control

9 secure off-street parking bays 4 covered plus additional parking

Expansion & Value-Add Potential

Approved plans for 13 additional rooms

Flexible internal layout allowing easy reconfiguration

Large 267m² balcony offering further development opportunities

Potential to convert existing spaces into additional income-generating units

Student Accommodation Upside NSFAS Opportunity

Positioned ideally for student housing, this property unlocks significant additional income potential:

Current capacity: 75 students

Potential income: R312 450 per month based on NSFAS rates

Expansion potential: 79 additional students

Total projected student income: R641 564 per month excluding retail income

This represents a scalable, government-supported income stream driven by continuous demand from nearby institutions.

Investment Summary

This is a rare opportunity to secure a high-performing, mixed-use investment in one of Cape Towns busiest and most strategic corridors. With strong existing cash flow and substantial upside through expansion, the property offers both immediate returns and long-term capital growth.

Contact me for your exclusive viewing!