Commercial Property for sale in Vasco Estate, Goodwood, 538 m²

Vasco Estate, Goodwood, Western Cape

Commercial Property

ZAR 5,999,000

• 538 sqm
• 460 m² plot

HIGH-VISIBILITY MIXED-USE INVESTMENT WITH STUDENT ACCOMMODATION CONVERSION POTENTIAL An exciting investment opportunity positioned on a prominent corner along Voortrekker Road, directly opposite Goodwood Station and ideally located for access to public transport and surrounding amenities. The property currently generates a **gross rental income of approximately R56,700 per month** and offers investors an excellent opportunity to increase the property's future rental yield through the conversion of the first floor. UNLOCK THE POTENTIAL OF THE 227m² FIRST FLOOR The approximately **227m² upper level is currently configured as multiple offices**, with the majority of the internal divisions consisting of drywall partitioning. This makes the space particularly suitable for reconfiguration and creates an exciting opportunity to investigate conversion into **student accommodation, individual rental rooms or bachelor-style apartments**, subject to the necessary municipal and other approvals. For an investor, this offers the potential to retain the existing commercial income downstairs while converting the upper floor into a higher-yielding residential rental component. The location dir…