Entire Ground Floor, The Iron Works - Retail Space For Sale in Woodstock

2,129m² Ground Floor Commercial Space for Sale, The Iron Works, 2 Ravenscraig Road, Woodstock

Quick Property Facts

This is a 2,129m² sectional title ground floor commercial unit for sale at The Iron Works, 2 Ravenscraig Road, Woodstock, Cape Town. The unit comprises approximately 1,500m² of market-style retail space and approximately 629m² of premium grade offices. The asking price is R19,023/m² (R40,500,000 total), with a current to-let asking rental of R190/m² (R404,510 per month) if leased. The unit is commercially zoned and currently vacant, with fibre connectivity, 38 covered parking bays and additional basement parking. There is no backup power, and sprinklers are installed in parts of the building but not throughout. Commercial offices and retail units in Woodstock are currently being marketed at roughly R12,500/m² to R22,300/m², placing this asking rate in the upper half of that range.

Key Specs and Features

The ground floor offers three separate access points, a reception and security desk and multiple ablution facilities. The unit is air conditioned and naturally ventilated, wheelchair friendly, and offers signage opportunities. The Iron Works is one of Woodstock’s oldest buildings, renovated in 2019, with apartments on the upper floors and 24-hour security. Covered bays and basement parking serve staff and visitors.

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

Investment Highlights

This unit suits an owner-occupier such as a food market operator, destination retail concept, co-working operator or corporate office user wanting scale under one title in an established Woodstock building. It also suits an investor looking to let the space, with the retail component supporting a multi-vendor format and the office component suiting shared workspace or a traditional corporate setup, at a current to-let asking rental of R190/m². The unit is vacant, so a buyer carries letting risk until it is occupied, but the layout can be retained or reconfigured to suit a new operating strategy. The mix of commercial and residential use in the building keeps it active beyond standard business hours.

Location Highlights

The Iron Works sits in Woodstock’s established commercial and creative corridor, with easy access to major arterial routes and the Cape Town CBD. Woodstock railway station is approximately 500m from the building, around a 5 to 10 minute walk, and The Brook MyCiTi stop is located nearby. Cape Town International Airport is approximately 15.5km away, around a 15 minute drive. Learn more about commercial property for sale in Woodstock, including transport links and market trends.

Frequently Asked Questions

What is the current occupancy status?
The unit is currently vacant. The current to-let asking rental is R190/m², which equates to R404,510 per month for the full 2,129m².

What type of title is this?
This is a sectional title sale of the entire ground floor of The Iron Works.

How much parking transfers with the unit?
38 covered parking bays are included, in addition to basement parking within the building.

Does the building have backup power or sprinklers?
There is no backup power. Sprinklers are installed in parts of the building but not throughout.

Broker Insight

“Offices and retail units in Woodstock are currently being marketed from roughly R12,500 to R22,300 per square metre, mostly in much smaller units. A single 2,129m² ground floor under one title gives a buyer scale the node’s smaller listings do not offer, at R19,023/m² in a renovated building with 24-hour security and 38 covered bays.”

Ready to Purchase?

This ground floor is positioned as an owner-occupier option for a business needing scale in Woodstock, or a letting opportunity for an investor targeting retail and office tenants. Contact Kieron Carelse at ANVIL Property Smith to discuss purchase terms, arrange a by-appointment inspection, or request the floor plan and a rental breakdown, or WhatsApp Kieron Carelse directly for marketing materials and recent comparable sales data.