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R 8 250 000

Commercial Property for Sale in Woodstock

108 Victoria Road, Woodstock, Cape Town

750 m²

Contact Brokers

Ronald Tait

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Faid Schrueder

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13.9% Return: Student Accommodation Redevelopment

Centrally located on the Victoria main road with nearby Private Colleges (The Animation School, SA Maritime, Y2K, The International Hotel School) and CPUT (Cape Peninsula University of Technology).

Potential Student Accommodation conversion as follows:

- 18 x Single Student Rooms; 2 x Studio Apartments, 1 x Single Bed Apartment

- 2 Retail units on the Ground Floor

Potential Rental +- R 120 000.00 per month.

Nb. No structural or facade renovations required, only minor internal work.

* Approved to be applied for by purchaser.

The property currently has:

- 1 x Studio Apartment, 1 x Single Bed Apartment, 3 x Three Bed Apartments.

- 1 x Large Retail unit with store room, 2 x Small 20 sqm Retail units.

Current Rental R 75 000.00 per month.

All units have their own Prepaid Electricity Meters installed.

Zoned GB5.

Exclusive sole mandate to OBS...

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Property Overview

Listing Number

114881330

Type of Property

Commercial Property

Street Address

108 Victoria Road, Woodstock

Listing Date

03 September 2024

Erf Size

221 m²

Floor Size

750 m²

Rates and Taxes

R 2 100

Zoning

General Business

Building

Gross Lettable Area

750 m²

Multi Tenanted

Yes

Number of floors

Other Features

Nearby Public Transport

Minibus Taxi

Points of Interest

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