Mixed Use Residential / Commercial Investment - High RR
Located in Voortrekker Road, Parow East, Cape Town, Western Cape, this rather unique multi-tenancy commercial investment property offers mixed use retail/commercial and residential. Residential component comprises of 26 apartments, with potential for further development.There are 3 separate shops facing voortrekker road with high foot traffic.
-Building area - Over 1755m2 constructed over 3 levels
-1 Studio Apartment
-14 One bedroom apartments
-11 Two bedroom apartments
-3 Retail Stores
There are one years lease in place with an option for renewal. All apartments/retail property have pre-paid electricity and water sub-meters. The business is sold as a going concern.
This investment property offers excellent rental returns.
Please contact us for more information.