Commercial - Retail for Sale in Parow Central

Description

ONLINE AUCTION Bidding Start Time: Wednesday 28 May 2025 @ 09:00 Bidding End Time: Thursday 29 May 2025 @ 14:30 Registration is essential by Monday 26 May 2025. Pre-Auction Offers may be considered. Auction Finance Available. For more information, please contact the listing agent. 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 PAYMENT TERMS: 2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer. REGISTRATION REQUIREMENTS: To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee. 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 Auctioneers. Bidders must conduct their own investigations prior to bidding.