Real Estate Investor Magazine South Africa July 2016 | Page 40

DEVELOPMENT

Investing in Inner City Residential Property

Opportunities along Voortrekker Road Corridor

C

ity of Cape Town’s planned R170m
injection into infrastructure projects along
the Voortrekker Road Corridor (VRC)
combined with this area’s proximity to transport and
employment opportunities is set to create potential
for property investors. We talk to Sarah Webb,
Mortgage Manager and Jacques Labuschagne
Portfolio Manager at TUHF’s Western Cape branch
about these opportunities.

Road corridor stretching from Woodstock to Bellville
that offers much potential to property entrepreneurs.
Some 50% of Cape Town’s businesses are situated
on and around Voortrekker Road. Currently,
development of commercial and residential property
along this corridor is mostly low density but varies
from high-rise in the inner city to row housing in
nearby Woodstock. Heritage houses and buildings
feature regularly.

MARKET FOCUS
Give us an overview of the Cape Town inner
city property market?

What areas have the most potential for
property investors & why?

Cape Town’s inner city/CBD market is thriving and
we’ve identified a 14km section along Voortrekker

38

JULY 2016 SA Real Estate Investor

Underutilised land and older commercial buildings
along the Voortrekker Road Corridor can be converted
into multi-unit residential developments with ground
www.reimag.co.za