R5,000,000
Income producing commercial property for sale in Parow
This commercial property is ideally located one road back from Voortrekker Main Road and benefits from the large council parking lot located at the rear. The building is currently set up for residential usage with with 28 individual rooms. The property is income producing with gross yields over 15%.
The property is easily converted back into a warehouse / office space with +- 650 sqm of usable space. One huge bonus is the free council parking at the back of the property. Thus any business in this property would have ample staff and client parking with easy access.
This property:
- GLA of +- 650 sqm
- 28 rooms for accommodation
- Zoned General Business 4
- Electrical sub prepaid meters for each room
- Prepaid water
- Roller shutter access at the rear
Contact me to discuss or view this property. Contact for more info on rental income, rates, etc.
Features
Zoning:
Commercial
Exterior
Security
No
Sizes
Floor Size
650m²
Land Size
496m²
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