Commercial property for sale in Strand South

Description

Marykehof is a well-positioned residential investment property located in the southern part of Strand, offering investors the opportunity to acquire a multi-unit income-producing asset in a sought-after coastal rental market. The property comprises 30 flats, predominantly 2-bedroom units, which continue to experience strong tenant demand and support stable long-term occupancy. Ideally situated approximately 400m from the beach and within walking distance of a neighbourhood shopping centre, the property offers excellent convenience for tenants. Marykehof is also centrally located just minutes from Somerset Mall and Strand Golf Club, with easy access to the N2, providing efficient connectivity to Somerset West, Stellenbosch, Cape Town and the Winelands. The building has recently been painted, while the original steel window frames have been replaced with... Marykehof is a well-positioned residential investment property located in the southern part of Strand, offering investors the opportunity to acquire a multi-unit income-producing asset in a sought-after coastal rental market. The property comprises 30 flats, predominantly 2-bedroom units, which continue to experience strong tenant demand and support stable long-term occupancy. Ideally situated approximately 400m from the beach and within walking distance of a neighbourhood shopping centre, the property offers excellent convenience for tenants. Marykehof is also centrally located just minutes from Somerset Mall and Strand Golf Club, with easy access to the N2, providing efficient connectivity to Somerset West, Stellenbosch, Cape Town and the Winelands. The building has recently been painted, while the original steel window frames have been replaced with aluminium, reducing future maintenance requirements and enhancing the overall quality and durability of the asset. The sale is structured as a share transaction in the property-owning company, offering an efficient acquisition opportunity for investors. Further information can be made available to qualified purchasers. This is an exceptional opportunity to acquire a well-located coastal residential block with proven rental appeal, reduced maintenance exposure and potential future upside through a sectional title conversion (subject to the necessary approvals). PROPERTY INFORMATION: • Large 30 apartments: o 3 x Bachelor apartments ±60 m² per unit o 21 x 2-Bed apartments ±115m² per unit o 6 x 3-Bed apartments ±125m² per unit • 17 x parking garages (±18m²) • 27 Open parking bays • Current rental income of ±R 240 000 per month, with no vacancies. • Rates: ±R 9 000 per month • All units on prepaid electricity and water meters installed PROPERTY DETAILS: • Erf no: 8868, Strand • Erf size: 3 940m² • Zoning: General Residential For further information or to arrange a discussion, contact the broker. Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#74529171","type":"c"}));

What we know about this property

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Portal facts

Zoning

General Residential

Erf Size

3 939 m²

Floor Size

4614 m²

Listing Date

24 May 2026

Building Name

Marykehof

Listing Number

117248554

Multi Tenanted

Yes

Street Address

18 Theron Crescent, Strand South

Rates and Taxes

R 9 000

No Transfer Duty

Yes

Number of floors

3

Type of Property

Commercial Property

Gross Lettable Area

4614 m²