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11,75% Yield - Income Generating Mixed Use Building
updated on Jul 30, 2026
POA

WEB REF: 765927

 
Property Summary
  • Price POA
  • LocationCape Town, Maitland
  • Property TypeCommercial - Retail
  • Erf Size332 m2
Description

Accepting Offers. DESCRIPTION: Positioned on Voortrekker Road, this building has been an anchor in the Maitland and Kensington area. Easy access to public transport and main transport routes. Tenanted mixed-use building currently generating over ±R43,700 per month (±R524,400 per annum). Average return estimate at 11,75% per annum. Bulk potential of ±1,328m² addition. High-visibility zone for advertising revenue & solar generation. The investment possibilities are endless. • 3 x Front-facing, ground-floor retail shops. (Tenant mix is Superette, Groceries, Clothing). • 7 x Residential units (1 and 2 bed, 1 bath, lounge & kitchen). Prepaid electricity meters in each unit. Water on rates account. Tenants are long-standing. month-to-month leases currently. Recoveries from tenants. Only 1 vacancy at present. Currently unsectionalised block with Mixed Use 2 zoning in place. Development Potential: • FAR – 4x • Coverage - 100% • Height - 38m • Setbacks – 8m • Primary uses -business premises, mixed dwelling (block of flats), place of institution/worship/assembly/entertainment, hospital or clinic, film, hotel, etc. • Consent uses – adult services (retail and entertainment), expo centre, service station, motor vehicle repair garage, small-scale animal care, recycling centre, renewable energies, etc. All planning and applications to conform with COCT Municipal guidelines and procedures. Transfer Duty Applicable. DETAILS: • Erf no: 107941, Cape Town • Erf size: 332m² • Zoning: Mixed Use 2 DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.

      Property Address

      Maitland, Cape Town, Western Cape

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