An exclusive development opportunity – an exceptional offering with the potential to be transformed into a world-class boutique hotel and luxury retail destination, setting a new benchmark for elegance and sophistication.
Millvale House, prominently located in Milnerton Central just off Marine Drive (R27), facing Woodbridge Island.
This versatile GB3-zoned commercial asset perfectly bridges the gap between immediate cash-flow security and substantial development upside.
Investment Highlights:
• Purchase Price: R36,000,000
• Immediate Gross Rental Income: R127,695 per month (Ground Floor fully let)
• Ground Floor (1,000 m²): Fully tenanted commercial and retail footprint, including a potential active foyer coffee shop/deli.
• First Floor (1,000 m²): Open-canvas shell (mix of grey and white box) ready for immediate custom office or medical suite fit-out.
• Second Floor (400 m²): Premium top-tier shell with balcony access, boasting panoramic views of Table Mountain, the Atlantic coast, and the golf course.
• Basement (1,000 m²): Secure underground parking for approximately 30 bays plus dedicated tenant storage units.
Why this will appeal to your database:
For Owner-Occupiers: The incoming R127k+ monthly rental heavily subsidizes the bond, while the 1,400 m² upper levels allow a corporate tenant to custom-build their dream headquarters with prominent street visibility.
For Institutional Investors: A significantly de-risk asset with immediate income to cover holding costs while optimizing the remaining GB3 bulk for A-grade office space, medical suites, or high-density residential conversions.
We have a comprehensive information portfolio prepared and would be delighted to share it, with you at your convenience.
Kindly note: The enclosed renderings serve to demonstrate potential development concepts.
Please reply directly or call me to arrange a private site inspection