R 16 990 000
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2 106 m² Commercial space in Woodstock

1 466 m² 2 106 m²

The recently renovated building, originally an old hotel, now stands as a prime investment opportunity. This versatile property, meticulously refurbished to meet modern standards, offers a lucrative avenue for generating rental income. Its strategic location and thoughtful redesign make it suitable for various uses, including student accommodation, a boutique hotel business, or multiple apartment units.

The building''s exterior retains its charming historical facade, seamlessly blending with contemporary touches that enhance its curb appeal. Situated in a thriving urban area, it benefits from high foot traffic and proximity to public transportation, educational institutions, and commercial hubs, making it an attractive choice for potential tenants and businesses.

The renovated building presents a robust investment opportunity with its versatile use options and high demand in the rental market. Whether utilised for student housing, a hotel, or residential apartments, the property promises significant returns due to its prime location, modern amenities, and the growing need for quality rental spaces. Zoning is for general business and residential GB5, GR4 and a certified heritage building.

There are many tenants renting in this building and has multiple amenities including a fully booked art gallery , coffee shop, yoga studio and two retail shops on Victoria Road.

In summary, this former hotel, now a modernised business and rental space, is a prime example of adaptive reuse, offering flexible income-generating options and substantial investment potential. Its blend of historical charm and contemporary conveniences makes it a standout property in the competitive real estate market.

Please contact me asap to arrange a viewing and only serious buyers or investors will be considered.

Property details

  • Listing number T4641790
  • Property type Commercial
  • Erf size 1 466 m²
  • Floor size 2 106 m²
  • Rates and taxes R 19 300

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