2,993m² Apartment Block For Sale in Parow Valley, CL34604

Details

The subject property has an approximate GLA of 2 993m² and sits on an erf which is 3 965m² in size. This site presents an extremely rare opportunity for all prospective investors due to its 100% occupancy as well as the pristine condition of the building.

It is extremely well maintained with a paved walkway, making the retail section easily accessible with increased foot traffic. This block of apartments consist of 68 apartments which are all 41m² in size while there are 3 retail units which are fully occupied on the ground floor. Along with both the residential and retail components, this site boasts a high volume of parking bays which proves to be an extremely attractive feature for all investors as well as the occupants.

• GLA: ± 2 993m²
• ERF: ± 3 965m²
• Fully occupied
• GAI: ± R6 187 695
• 91 Parking bays
• Potential to convert to student accommodation
• 68 Apartments & 5 shops downstairs
• Zoning “Local Business 2”