City 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.
Give us an overview of the Cape Town inner city property market?
Cape Town’s inner city/CBD market is thriving and we’ve identified a 14km section along Voortrekker 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. To continue reading click here…