Property Details
Dual-Zoned Commercial Gem with Immediate Rental Returns and with Ocean Views
Situated in a prime location just one street back from the coastline, this exceptional commercial property in the heart of Franskraal offers a unique and versatile opportunity for investors and entrepreneurs alike.
Comprising two separate, commercially zoned erven 73 and 75 Cilliers Street each with its own Title Deed, this property delivers immediate rental income and exciting potential for future development.
At 75 Cilliers Street, the double-storey building features three active businesses on the ground floor, currently generating R12,000 per month in rental income.
In addition, two separate residential flats add to the income stream. The larger flat offers a spacious open-plan kitchen and living area, two bedrooms, and a bathroom with shower and toilet, currently rented at R8,000 per month.
The second unit, a one-bedroom flat, is operated as a holiday rental, ideal for tapping into the steady stream of visitors to this popular coastal destination.
The upper level presents an inviting space, perfect for an owner-occupier, long-term rental, or guest accommodation. It boasts a separate braai room leading into a large open-plan kitchen and living area with a built-in braai, three bedrooms (two of which are en suite), and a third bathroom.
The east-facing balcony offers beautiful views of the ocean, while the north-facing aspect captures the serene mountain backdrop.
Next door, 73 Cilliers Street adds significant value as a 506sqm vacant stand, fully fenced and featuring undercover parking with gated access from both Cilliers and Roussouw Streets. With its commercial zoning already in place, this stand opens the door to further development whether retail, hospitality, or additional residential units.
This is more than just a property, it's a multi-income investment in a growing coastal village with charm, views, and location on its side.
Whether you're expanding your portfolio, starting a new business venture, or looking for a live-and-earn setup, this opportunity deserves your attention.
Contact us at Century 21 today to arrange your private viewing and see the full potential of this outstanding Franskraal offering.