1956m2 CENTRE FOR SALE IN BELLVILLE

Voortrekker Road Retail Investment – Fully Let with Long-Term Tenants
28 Voortrekker Road, Boston, Bellville Central, Cape Town
GLA: 1,956m²
Price: ZAR 15,050,000 (excl. VAT)
Gross Annual Income: ZAR 1,406,378
Annual Expenses: ZAR 102,048
Net Yield: ±9%
Capital Rate: ±ZAR 7,410/m²
WALE: ±3 years
Tenants: Three established retail tenants in place
This prime freehold retail investment located on Voortrekker Road in Boston, Bellville presents a secure and income-generating opportunity within one of Cape Town’s busiest commercial corridors. The property comprises approximately 1,956m² of gross lettable area and is fully tenanted by three long-standing retail occupants, offering predictable income and reduced vacancy risk.
With a gross annual income of ZAR 1,406,378 and a net yield of approximately 9%, the asset delivers strong cash flow fundamentals. A weighted average lease expiry of approximately three years provides medium-term income security while allowing for future rental growth potential.
Voortrekker Road remains one of Cape Town’s most historic and commercially significant arterial routes, connecting the CBD to Stellenbosch, Paarl, Goodwood, Parow, and Bellville. The property benefits from high daily vehicle traffic, consistent pedestrian movement, and excellent visibility. Boston is a well-established mixed-use suburb with dense residential catchments and concentrated commercial activity, supporting sustained tenant demand.
Strategically positioned near the N1 highway, Tyger Valley, Bellville CBD, and major public transport routes, the property forms part of Bellville’s broader growth and regeneration corridor, enhancing its long-term capital appreciation prospects.
This fully let retail asset offers stable returns, minimal operational complexity, and strong exposure in a proven trading location. For further information or to arrange a confidential viewing, contact the RAWSON Commercial area specialist today.