Glenlilly, Parow

An exceptional opportunity to acquire a fully tenanted, high-yield mixed-use building in the heart of Parow’s rapidly expanding commercial and student node. Positioned on the busy Voortrekker Road corridor, this asset combines strong current income, modern upgrades, and outstanding future growth potential.

The property has been thoughtfully upgraded with modern, upmarket finishes, offering a turnkey investment with immediate returns and long-term scalability.

Strategic Location Advantage

Located within one of Cape Town’s busiest commercial routes, the property benefits from:

* Close proximity to University of the Western Cape and Cape Peninsula University of Technology
* Excellent access to public transport networks
* High demand for secure, affordable accommodation
* Strong retail exposure with consistent foot traffic
* Ongoing urban regeneration in the Parow precinct

The Investment Offering

A fully operational, income-generating asset featuring:

* Strong, stable monthly income
* Near-zero vacancy levels
* GB4 zoning allowing flexible usage
* Proven tenant management systems
* Recently renovated residential component ensuring low maintenance and high tenant retention

Income Breakdown | ± R201 000 per month

Retail Component (6 Shops)

* ± R87 000 per month
* 100% occupied with established tenants
* Excellent street frontage on Voortrekker Road
* Off-street customer parking
* Prepaid water meters

Residential Component (23 Units)

* ± R114 000 per month
* Occupied by vetted young professionals and students
* Modern communal kitchen and ablution facilities
* Prepaid electricity and individual storage lockers
* Well-managed cost structure covering utilities, Wi-Fi, and cleaning

Additional Improvements & Facilities

* 8 ground-floor office spaces (currently used for management and operations – income upside potential)
* On-site manager’s office and maintenance facilities
* CCTV monitoring and secure access control
* 9 secure off-street parking bays (4 covered) plus additional parking

Expansion & Value-Add Potential

* Approved plans for 13 additional rooms
* Flexible internal layout allowing easy reconfiguration
* Large 267m² balcony offering further development opportunities
* Potential to convert existing spaces into additional income-generating units

Student Accommodation Upside (NSFAS Opportunity)

Positioned ideally for student housing, this property unlocks significant additional income potential:

* Current capacity: ±75 students
* Potential income: ± R312 450 per month (based on NSFAS rates)
* Expansion potential: ±79 additional students
* Total projected student income: ± R641 564 per month (excluding retail income)

This represents a scalable, government-supported income stream driven by continuous demand from nearby institutions.

Investment Summary

This is a rare opportunity to secure a high-performing, mixed-use investment in one of Cape Town’s busiest and most strategic corridors. With strong existing cash flow and substantial upside through expansion, the property offers both immediate returns and long-term capital growth.

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