Commercial property for sale in Glenlilly

Description

An established mixed use building occupying a prominent corner position along one of Cape Town`s most active urban arterials. The property offers substantial scope to reposition toward the student accommodation market, where demand in this corridor continues to exceed available supply. The building presents across two levels and includes a first floor terrace currently used as a communal outdoor space. The residential accommodation is arranged around well considered shared facilities: fully fitted communal kitchens with gas hobs, extraction, and individual lockable storage allocated to each resident, communal bathrooms with multiple shower and toilet points. A selection of 23 studio style rooms with fitted cupboards is also present on the first floor. The ground floor holds a substantial commercial office component of 8 suites, comprising multiple private... An established mixed use building occupying a prominent corner position along one of Cape Town`s most active urban arterials. The property offers substantial scope to reposition toward the student accommodation market, where demand in this corridor continues to exceed available supply. The building presents across two levels and includes a first floor terrace currently used as a communal outdoor space. The residential accommodation is arranged around well considered shared facilities: fully fitted communal kitchens with gas hobs, extraction, and individual lockable storage allocated to each resident, communal bathrooms with multiple shower and toilet points. A selection of 23 studio style rooms with fitted cupboards is also present on the first floor. The ground floor holds a substantial commercial office component of 8 suites, comprising multiple private offices, a boardroom, additional work areas, and separate male and female ablution facilities. This space lends itself directly to conversion into further student rooms, adding meaningful capacity without altering the building`s footprint. There is also 6 tenanted retial shops situated on the ground floor along Voortrekker Road. The real opportunity lies in the building`s development potential. Zoned GB4, the property has plans for a thirteen room terrace expansion together with an additional development footprint of approximately 556m². Taken with the existing accommodation and the conversion of the ground floor offices, this brings estimated long term bed capacity to between 75 and 150 plus units, subject to the conversion approach adopted. Location underpins the entire investment case. The building sits in close proximity to CPUT, UWC, and Northlink College, with excellent public transport access along the Voortrekker Road corridor. For an investor seeking a well located asset positioned to grow into one of the Northern Suburbs` strongest sources of student and young professional housing demand, the property offers a clear and considered path forward. Viewing is strictly by appointment. Rental schedules, financial information, and expansion plans are available to qualifying investors on request. Key Highlights Established mixed use building on a prominent Parow corner Plans for a thirteen room terrace expansion Additional development of approximately 556m² Long term bed potential of 75 to 150 plus units subject to conversion strategy Ground floor commercial offices suited to conversion into student accommodation 6 Retial units on the ground floor. Studio style rooms with fitted wardrobes Communal kitchens with individual lockable storage per resident Communal bathrooms with separate male and female facilities Rooftop communal terrace Limited on site parking Zoning: GB4 Close proximity to CPUT, UWC, and Northlink College Excellent public transport access on the Voortrekker Road corridor Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#-364864536","type":"c"}));

What we know about this property

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Portal facts

Zoning

General Business

Parking

11

Bedrooms

23

Coverage

1 %

Erf Size

1 370 m²

Kitchens

3

Bathrooms

6 Cleaning service

Kitchen 1

Basin, Built-in Cupboards, Gas Hob

Kitchen 2

Basin, Built-in Cupboards, Gas Hob

Kitchen 3

Basin, Built-in Cupboards, Gas Hob

Floor Size

1200 m²

Board Rooms

1

Description

Double Storey, Ground Floor, Second floor and above

Listing Date

15 May 2026

Listing Number

117222143

Multi Tenanted

Yes

Reception Rooms

1

Special Feature

Balcony

Number of floors

2

Type of Property

Commercial Property

Nearby Public Transport

Bus, Train, Minibus Taxi