Property Details

Prime Corner Property with Strong Rental Income and Redevelopment Potential

Positioned on the prominent corner of 77 Cape Road, this well-exposed commercial property presents an excellent investment opportunity with a strong existing rental income and exciting future development potential.

The property is currently fully let to 12 tenants, offering a diverse tenant mix, solid leases and low outstanding arrears. The property generates approximately R83,000 in monthly rental income, making this an attractive income-producing investment.

Its prominent position directly opposite the Provincial Hospital, with excellent visibility and convenient access to major amenities including 5 Ways Spar, adds significant appeal to both investors and future owner-occupiers.

### Key Features:

* Prime corner position on Cape Road

* Excellent street exposure and visibility

* Fully let with 12 tenants

* Approximately R83,000 monthly rental income

* Solid existing leases

* Diverse tenant mix

* Low outstanding rental arrears

* Established income-producing property

* Directly opposite the Provincial Hospital

* Close to 5 Ways Spar and other amenities

* Excellent accessibility and prominent signage potential

* Potential to convert the existing office accommodation into student accommodation, subject to the necessary approvals and applicable zoning/building requirements

The property's location, existing rental income and potential for alternative use make this a compelling opportunity for investors looking for immediate rental income with longer-term value-add potential.

An excellent opportunity to acquire a well-positioned commercial property in a highly visible Cape Road location.