R 4 500 000 | Vacant Land / Plot for Sale in Woodstock

Total Erf Size: ±425 m² (Two adjacent erven sold as one lot)
Development Potential: Consolidation possible, subject to municipal approval

Pillay Properties proudly presents a highly sought-after development site in the heart of Woodstock’s dynamic urban precinct. This offering comprises two adjacent erven totaling approximately 425 square metres, being sold as one development opportunity. Strategically located just behind the Woodstock Quarter and within walking distance of the iconic Old Biscuit Mill, this site offers unparalleled connectivity to Cape Town’s CBD, major transport routes, and the MyCiTi bus system. The proximity to UCT Medical Campus and Groote Schuur Hospital makes it ideal for residential, commercial, or mixed-use development with a focus on student accommodation, healthcare-related housing, or boutique retail and residential combinations.

Zoned MU2, the property allows for a broad range of development options including retail, commercial offices, apartments, student housing, or a combination thereof. The possibility to consolidate the two erven into a single erf (pending approval) presents developers with greater flexibility for efficient design and planning.

Key highlights include:
Two adjacent erven sold together as a single development lot
Combined erf size of ±425 m²
MU2 zoning permits mixed-use, residential, retail, and student accommodation development
Level site with excellent street frontage and visibility
Situated in a rapidly growing precinct with strong rental demand from students and young professionals
Close to public transport, CBD, and major educational and medical facilities
Located within Cape Town’s Urban Development Zone (UDZ), offering potential tax incentives
Opportunity for erf consolidation to streamline development

With interest rates easing following the recent SARB rate cut and Woodstock’s rental market on an upward trajectory, rental yields are strong with room rentals averaging R4,500 and apartments from R9,500 to R14,000 per month, this is a prime opportunity for investors and developers seeking sustainable returns and long-term capital growth.