Tenanted 14,719m² Business Park On Auction: Goven Business Park, 25 23rd St, Elsies River Industrial

Industrial On Auction, 10266m² @ POA

Prime Industrial Investment in Elsies River

This investment opportunity offers a projected net annual income of R2,905,000. With 15 established tenants already in place, the park provides a stable income stream and strong tenant diversification. Added to this, the ±4,100m² vacancy presents immediate upside potential, giving investors the ability to unlock further value through new lease agreements.

Located in Elsies River, one of Cape Town’s most central and well-connected industrial nodes, the property enjoys excellent access to both the N1 and N2 highways. The vacant space is ideally suited for storage, warehousing, or light industrial use, ensuring broad tenant appeal and rapid uptake. With the reserve price recently reduced, this asset offers investors a compelling blend of income security, growth potential, and competitive entry point.


Property Description:
-Strong Financial Performance with a projected net annual income of R2,905,000
-Currently there are 15 tenants in the park
-±4,100m² vacancy presents immediate upside potential through new lease income.
-Situated in Elsies River, a central and sought-after industrial area with easy access to N1 and N2 highways.
-Vacant space is perfectly suited for storage, warehousing, or light industrial use, broadening the tenant pool and ensuring quick uptake.

Address: Goven Business Park, 15 Twenty Third Street, Elsies River Industrial, Cape Town
Township: Goodwood
Erf Number: 13454
Erf Size: 14,719m²
GLA: ±10,266m²
VAT Registered: Yes

Municipal Information:
Municipality: City of Cape Town
Monthly Rates: ± R35,381

Title Deed Information:
Number: T11515/2012
Municipal Area: City of Cape Town

Please Note: The GLA indicated in the above has not been confirmed with Municipal Approved Plans. The plans have been requested from the municipality to confirm the GLA