R24,400,000 | 1,397m² Building For Sale in Bellville Central

Positioned in the vibrant heart of the Bellville CBD, this investment opportunity on popular Kruskal Avenue offers a mixed-use freehold building that’s primed for revitalization. The ground floor is fully let to retail tenants, ensuring steady foot traffic and immediate income, while the upper two floors provide accommodation units — ideal for student housing, short-stay rentals, or affordable long-term tenants. With an Annual Net Income (ANI) of R2,109,904.00, this property is already generating strong returns, with significant upside potential through refurbishment. While the building does need a facelift and some upgrades, the fundamentals are solid, making it a classic "fix and flip" or long-term hold with value-add strategy.

Kruskal Avenue is one of Bellville’s most well-known pedestrian corridors, surrounded by a mix of retail outlets, banks, municipal buildings, colleges, and major transport routes. Located just steps from the Bellville taxi rank and train station, this high-traffic zone offers exceptional visibility and accessibility, making it attractive to both commercial and residential tenants. The area is undergoing gradual urban renewal, and demand for centrally located, affordable accommodation remains strong. With the right upgrades, this property can be transformed into a high-performing asset in one of Cape Town’s busiest business districts. Rates advertised are ex Vat. Please contact me for more information.