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POA

Apartment / Flat On Auction in Parow Valley

Parow Valley, Parow
  • Floor Size 2 993 m²
  • AUCTION
Fully Tenanted Apartment Block - On Auction 21 November

On Auction 21 November - Fully Tenanted Apartment Block

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...

On Auction 21 November - Fully Tenanted Apartment Block

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”

Listing number: P24-114985994, Image number: 1, Image
Listing number: P24-114985994, Image number: 2, Image
Listing number: P24-114985994, Image number: 3, Image
Listing number: P24-114985994, Image number: 4, Image
Listing number: P24-114985994, Image number: 5, Image
Listing number: P24-114985994, Image number: 6, Image
Listing number: P24-114985994, Image number: 7, Image
Listing number: P24-114985994, Image number: 8, Image
Listing number: P24-114985994, Image number: 9, Image
Property Overview
Listing Number
114985994
Type of Property
Apartment / Flat
Listing Date
26 September 2024
Erf Size
3 965 m²
Floor Size
2993 m²
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Auction Details

21 November 2024, 12:00
The Wanderers Club, 21 North Street, Illovo, Sandton
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