Vasco Estate, Goodwood

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 directly opposite **Goodwood Station**, together with easy access to public transport and Voortrekker Road, further enhances the property's potential for rental accommodation.

### EXISTING INCOME-PRODUCING COMMERCIAL COMPONENT

The ground floor comprises approximately **278m² of retail space**, currently divided into two shops, while an additional approximately **33m² storeroom** provides further usable space.

The property therefore offers a combination of:

• Existing rental income
• Approximately 278m² ground-floor retail space
• Approximately 227m² first-floor office/conversion space
• Approximately 33m² storeroom
• Two established ground-floor retail shops
• High-exposure corner position
• Directly opposite Goodwood Station
• Excellent public transport accessibility
• GB4 zoning
• Potential student accommodation or bachelor apartment conversion
• Further value-add and redevelopment potential

With its existing income stream, flexible upper-floor configuration and excellent position, this property offers considerably more than its current use.

**Ideal for the investor looking to acquire an income-producing asset with the potential to improve rental income and overall return on investment.**

Contact me to arrange a private viewing or for further information.