FEATURED
Web Ref CL35078
TENANTED PRIME CORNER RETAIL INVESTMENT WITH STRONG INCOME & VALUE-ADD OPPORTUNITY IN WYNBERG
This well-located commercial property presents an outstanding investment opportunity in one of Cape Town's most established mixed-use precincts. Situated just off Main Road and within close proximity to the Refinery Maynard Mall, foot-step away from the Wynberg train station and surrounded by numerous student accommodation developments. The property benefits from excellent exposure, accessibility, and consistent pedestrian traffic.
The upper floor is tenanted by Betting World, generating a secure rental income of approx. R189,371.55 plus VAT plus recovery of 100% utilities excl rates, with the current lease in place until April 2027. The vacant ground floor retail spaces presents an exceptional opportunity for an owner-occupier or investor to secure an additional tenant/s and significantly increase the property's income potential.
The vacant space is ideally suited for a butchery, convenience retailer, supermarket, specialty food outlet or other neighbourhood retail or service-related businesses, taking advantage of the property's prominent corner position and high levels of passing traffic.
The property is zoned General Business 5 (GB5), the property offers exceptional flexibility for a wide range of commercial and mixed-use developments.
Primary permitted uses include:
• Business premises
• Residential accommodation, including dwelling houses, second dwellings, flats and boarding houses
• Hotels and conference facilities
• Places of instruction, worship, assembly and entertainment
• Hospitals, institutions and veterinary practices
• Service trade premises
• Authority and utility services
• Multiple parking garages
In addition, the property offers nine secure on-site parking bays, together with a secure fenced yard area accessed directly from the street. The yard provides convenient rear access to the building, making it ideal for deliveries, storage, staff access, or operational servicing.
Property Highlights:
• Prominent corner retail building with excellent street exposure
• Fully tenanted upper floor with Betting World as the anchor tenant
• Betting World lease expires April 2027
• Current rental income: R189,371.55 plus VAT plus recovery of 100% utilities excl rates
• Vacant ground floor retail spaces
• Flexible General Business 5 (GB5) zoning
• Excellent opportunity to increase rental income through additional leasing
• 6 secure on-site parking bays
• Secure fenced yard with street access and rear entrance to the building
• 2 courtyard areas
• High-exposure location close to Main Road
• Surrounded by established residential neighbourhoods and student accommodation
Combining secure holding income with substantial leasing and value-add potential, this versatile commercial asset is ideally suited to investors, developers, or owner-occupiers seeking a strategically positioned property with multiple income streams and long-term growth prospects in the heart of Wynberg.
The upper floor is tenanted by Betting World, generating a secure rental income of approx. R189,371.55 plus VAT plus recovery of 100% utilities excl rates, with the current lease in place until April 2027. The vacant ground floor retail spaces presents an exceptional opportunity for an owner-occupier or investor to secure an additional tenant/s and significantly increase the property's income potential.
The vacant space is ideally suited for a butchery, convenience retailer, supermarket, specialty food outlet or other neighbourhood retail or service-related businesses, taking advantage of the property's prominent corner position and high levels of passing traffic.
The property is zoned General Business 5 (GB5), the property offers exceptional flexibility for a wide range of commercial and mixed-use developments.
Primary permitted uses include:
• Business premises
• Residential accommodation, including dwelling houses, second dwellings, flats and boarding houses
• Hotels and conference facilities
• Places of instruction, worship, assembly and entertainment
• Hospitals, institutions and veterinary practices
• Service trade premises
• Authority and utility services
• Multiple parking garages
In addition, the property offers nine secure on-site parking bays, together with a secure fenced yard area accessed directly from the street. The yard provides convenient rear access to the building, making it ideal for deliveries, storage, staff access, or operational servicing.
Property Highlights:
• Prominent corner retail building with excellent street exposure
• Fully tenanted upper floor with Betting World as the anchor tenant
• Betting World lease expires April 2027
• Current rental income: R189,371.55 plus VAT plus recovery of 100% utilities excl rates
• Vacant ground floor retail spaces
• Flexible General Business 5 (GB5) zoning
• Excellent opportunity to increase rental income through additional leasing
• 6 secure on-site parking bays
• Secure fenced yard with street access and rear entrance to the building
• 2 courtyard areas
• High-exposure location close to Main Road
• Surrounded by established residential neighbourhoods and student accommodation
Combining secure holding income with substantial leasing and value-add potential, this versatile commercial asset is ideally suited to investors, developers, or owner-occupiers seeking a strategically positioned property with multiple income streams and long-term growth prospects in the heart of Wynberg.
Features
Zoning
Commercial
Title
Freehold
Exterior
Security
No
Sizes
Floor Size
2,204m²
Land Size
1,517m²
