868m² Showroom For Sale in Richmond

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.