Entire Building for Sale, 194 & 196 Victoria Road - Office Space For Sale in Woodstock CPT

1,466m² Heritage Commercial Building for Sale at 194 & 196 Victoria Road, Woodstock

Quick Property Facts

This is a heritage commercial building for sale at 194 & 196 Victoria Road, Woodstock, Cape Town. The property offers a total GLA of 1,466m² across two levels, laid out as a mix of open-plan and sectioned office, studio, retail and gallery space. The building is currently let across sixteen units to a diverse mix of tenants, including art and design studios, retail shops, a pottery studio, a kitchen operator and a yoga studio, generating current gross rental income of approximately R124,742 per month. Two spaces are vacant: a 275.82m² gallery, office and lounge space asking R20,000 per month, and an 82.54m² bar or coffee shop space asking R18,000 per month, together representing roughly R38,000 per month in additional income once let. The asking price is R11,589/m² (R16,999,000 total). The building has fibre connectivity on site, but no backup power and no sprinkler system currently installed.

Key Specs and Features

The building presents high ceilings, heritage finishes and a mix of open-plan and sectioned areas across its two levels, along with a reception area and a fitted bar suited to informal meetings. A courtyard with panoramic views offers outdoor breakout space, and the building is wheelchair friendly with natural ventilation throughout. Fibre connectivity is available on site, and the building is secured with 24-hour manned security. There is no backup power or sprinkler system currently installed.

Need a full valuation, lease schedule, or property inspection details? WhatsApp Kieron Carelse and he will send it through.

Investment Highlights

This asset suits a multi-tenant investor seeking established, diversified income: sixteen tenants across art studios, design studios, retail shops, a kitchen operator and a yoga studio currently generate approximately R124,742 per month, with two vacant units offering a clear path to roughly R38,000 per month in additional income once let. It also suits an owner-occupier design firm, gallery or agency wanting a heritage building with street presence in Woodstock's creative precinct, subject to the existing lease arrangements with the remaining tenants. As a heritage building, any future development is limited to the interior, with the exterior fabric protected, which limits redevelopment risk for a buyer focused on income and character rather than large scale reconfiguration.

Location Highlights

194 & 196 Victoria Road sits in the heart of Woodstock's creative precinct, with direct street frontage and easy access to the N1 highway, just minutes from Cape Town's CBD. Woodstock railway station is approximately 0.7km from the building, and a MyCiTi stop runs along Victoria Road within approximately 300m, giving staff, clients and visitors practical transport options. The building is within walking distance of Rosetta Roastery and the Old Biscuit Mill, placing it among the amenities that continue to draw creative businesses to the area. Learn more about commercial property for sale in Woodstock, including transport links and market trends.

Frequently Asked Questions

What is the current occupancy status?
Sixteen of the building's units are let to a mix of art and design studios, retail shops, a pottery studio, a kitchen operator and a yoga studio. Two units, a gallery space and a bar or coffee shop space, are currently vacant.

What is the current rental income, and what is the upside from the vacant units?
The let units currently generate approximately R124,742 per month in gross rental income. The two vacant units are asking R20,000 and R18,000 per month respectively, adding roughly R38,000 per month once let.

Does the building have backup power or a sprinkler system?
No, the building currently has neither backup power nor a sprinkler system installed. Fibre connectivity is available on site.

When can the property be inspected?
Viewings are available by appointment only, arranged through Kieron Carelse.

Broker Insight

"Heritage buildings with genuine street character and an established, diversified tenant base rarely come up in Woodstock. Sixteen of eighteen units here are already let, generating over R124,000 a month across a real mix of creative and retail tenants, and the two vacant spaces, the gallery and the bar area, add up to roughly R38,000 more once filled. That is a buyer stepping into income from day one with a clear path to grow it," says Kieron Carelse from ANVIL Property Smith.

Ready to Purchase?

This heritage building is positioned as an income producing asset for a multi-tenant investor, or a characterful base for an owner-occupier creative business in one of Woodstock's most established creative precincts. Contact Kieron Carelse at ANVIL Property Smith to discuss purchase terms, arrange a by-appointment inspection, or request the full lease schedule for the existing tenants, or WhatsApp Kieron Carelse directly for further marketing materials.