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2,993m² Apartment Block For Sale in Parow Valley

POA

108 Joubert Street, Parow Valley, Cape Town
Web Ref No CL34604

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”

Features

Zoning Commercial
Floor Size 2,993m²
Land Size 3,965m²

Broker Contact Details

Ismail Hendricks
Broll Auctions and Sales

Cell 082 908 6653
Office (087) 7008289
WhatsApp Me

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