Web Ref CL34708
Zoned & Approved Development Opportunity - On Auction 7 May 2025
Property for Sale: Prime Mixed-Use Development Opportunity – 13 Voortrekker Road, Richmond, Goodwood (Cape Town)
Key Features:
Location: 13 Voortrekker Road, Richmond, Goodwood – a highly sought-after, high-demand area in Cape Town.
Current Layout: T-shaped configuration comprising a showroom space and two retail tenants.
Rental Income: The property generates a gross monthly rental of R52,500, with leases secured until 2026 and 2027.
Zoning: Recently rezoned to General Business 4 (GB4), allowing for the development of up to 80 flat units.
Development Potential: Ideal for residential development, with:
Strong rental demand.
Low residential supply in the area.
Great potential for student accommodation, given the central location and access to transport and amenities.
This property offers a rare blend of immediate income generation and long-term development upside. Whether you're an investor seeking returns or a developer exploring residential or mixed-use opportunities, this site ticks all the boxes.
Key Features:
Location: 13 Voortrekker Road, Richmond, Goodwood – a highly sought-after, high-demand area in Cape Town.
Current Layout: T-shaped configuration comprising a showroom space and two retail tenants.
Rental Income: The property generates a gross monthly rental of R52,500, with leases secured until 2026 and 2027.
Zoning: Recently rezoned to General Business 4 (GB4), allowing for the development of up to 80 flat units.
Development Potential: Ideal for residential development, with:
Strong rental demand.
Low residential supply in the area.
Great potential for student accommodation, given the central location and access to transport and amenities.
This property offers a rare blend of immediate income generation and long-term development upside. Whether you're an investor seeking returns or a developer exploring residential or mixed-use opportunities, this site ticks all the boxes.
Features
Zoning
Mixed Use
Title
Freehold
Exterior
Security
Yes
Parking Bays
Open Parkings
30
Sizes
Floor Size
868m²
Land Size
1,877m²
STREET MAP
STREET VIEW
