Bellville CBD – Student Accommodation
The trending and smart way forward for Voortrekker Rd investors
Voortrekker Road has the potential to significantly change the spatial form of Cape Town. It has all the right ingredients: a well-functioning public transport network, higher-order social facilities, and lots of existing building to utilize better.
Cape Town is in need of Investors, Developers and Contractors to get more involved in student accommodation within and surrounding areas of the Western Cape. Bellville is a perfectly centralized located in the Northern Suburbs where high demand for affordable accommodation is in demand.
Bellville Central is becoming a popular destination for investors to purchase or rent to sublet large office buildings and convert into student accommodation. Since a number of Universities and Colleges like UWC, Northlink & MSC College finds it effective to place themselves in Bellville as the properties for sale are more affordable along Voortrekker Rd Bellville and close to all major means of public transport. In comparison to other fully populated suburbs in Cape Town.
Office buildings that were in high demand in the ’80s are now being converted to student housing. Back then most business professionals made use of public transport hence the buildings did not require ample parking bays. Affordable student housing rooms to let generally attracts students that prefer living close to campus and thus make use of public transport and as their main two expenses are accommodation and tuition fees, parking is not a deal-breaker compared to modern time office requirements.
GREATER TYGERBERG FACTS
- 100 Community Organisations & Services
- 3500 SME’s
- 250 Health Care Practitioners
- 350 Thousand Public Transport Commuters
- 250 Industrial Businesses
- 350 Thousand Citizens
- 10 Hospitals in The Area
- 9 Tertiary Institutions
- 85 Percentage of Locally Owned Businesses
- 100 Thousand Students Study in The Area
VRCID – Boasting a safer & cleaner precinct for everyone.
The Voortrekker Rd Corridor Improvement District is constantly working to improve the safety, appearance and community identity of the designated area. Actively working the corridor from Bellville to Goodwood.
The Urban Development Zone
The Urban Development Zone (UDZ) is a tax incentive administered by SARS and aims to encourage private sector-led residential and commercial development in inner-city areas with developed public transport facilities.
How Does it work?
The UDZ allows businesses which fall within its area to benefit from significant tax savings for building development which fall into the following categories:
- The erection, extension or improvement of or addition to an entire building;
- the erection, extension, improvement or addition of a part of a building representing a floor area of at least 1 000 m²;
- the erection, extension or improvement of or addition to low-cost housing; and/ or
- the purchase of such a building or part of a building directly from a developer.
The Negatu Buildings (Bellville CBD) – R58 000 000 - 6940m2
The Negatu buildings are located just off Voortrekker Road and situated adjacent to Robert Subukwe Rd, the erf consists of approximately 6940m2. This is one of the larges plots currently available in Bellville CBD. The premises comprise of 3 individual free-standing buildings. The office building covers 3 floors and a ground floor, measuring approximately 1404m2. Further, on the premises are 2 large warehouses that are currently used as retail units. Ample secure parking available located around the back of the building.
The building is situated between Bellville Middestad Mall, the taxi rank and the old Modderdam road that offers a brisk drive to Cape Town International Airport. This building is currently Zoned is Gi1 (General Industrial 1) since it is 1 erf away from Voortrekker Rd that is Zoned GB4 (General Business 4) Within close proximity to public transport and all major amenities located on Voortrekker Rd and the Mall. This is a fantastic Re-Development Opportunity.
343 Voortrekker Rd Parow – R26 000 000 - 4910m2
343 Voortrekker Rd Parow is a large prime location property for sale in the heart of Parow CBD. The erf has a footprint of 4910m2 extending to Wynne & Toner S St. The Building has coverage over the erf of 65%. Ideally located next to Parow High School, Parow Mall (that is currently been upgraded), restaurants and take-a-way shops in the vicinity of Voortrekker rd. This property is zoned GB4.
200 Voortrekker Rd Parow – R11 000 000 - 1530m2
200 Voortrekker Rd is a unique corner building for sale and situated within central Parow’s business node on Voortrekker Rd. The building has dual ablutions located at the staircase, a small kitchenette on the main floor and an elevator. Public transport by means of taxi and bus services are right on your doorstep and within close proximity to all major public amenities like Shoprite Park, China Town, ATM's and Various Retail Stores on Voortrekker Rd. This building is situated close to the N1 & N7 highways. The ground floor comprises of +-420m2, 1st, 2nd & 3rdf floors cover +-370 on m2. There is a communal braai area on the 1st floor that can be used for social gatherings.