Accepting Offers.
DESCRIPTION:
Prime Commercial Building With High Yielding Potential And Redevelopment Opportunity, In The Heart Of Parow CBD.
Located on Station Street /Arcade , with high foot traffic it makes a perfect investment or redevelopment opportunities.
Offering six Retail Shops and three are currently tenanted with three more rental opportunities,
with a GB4 zoning offering 2067m² of bulk with 25 metres height restrictions qualifies as the perfect mixed -use development opportunity for commercial and residential units
With a potential income opportunity of ±R54,000 pm or ±R648,000 per annum could yield you as an investor over 18% return.
Pre-auction offers from R2.9 mil plus Claremart fee will be considered.
DETAILS:
• Erf No: 9347, Parow
• Erf Size: 694m²
• Zoning: General Business 4
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Brokers. Buyers must conduct their own investigations prior to purchasing.
Property Address
Parow Central, Parow, Western Cape