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Auction Date: 28/02/2018     Start: 12:30     Commercial Property

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Parow - Prime Commercial Property with Block of Flats on Auction | Fantastic Returns

Parow - Prime Commercial Property with Block of Flats on Auction | Fantastic Returns

Parow - Prime Commercial Property with Block of Flats on Auction | Fantastic Returns

Erf nos: 3431, 3419 & 3420
Total size of erven: 1 477m²
Building size: ± 2 141m²
Zoned: GB4

Located in sought after area opposite Parow Centre & next to Fairfield Butchery with access from 2 roads
Offering:
26 Tenanted apartments
(12 x 65m², 11 x 75m² and 3 x 50m²)
Plus 3 x tenanted commercial units
(1 x 40m² and 2 x 85m²)
Plus 11 x lock-up garages

Gross income R2 376 000 per annum or R198 000 per month
Offering high returns with 10% annual increase

Property not sectionalised - offering massive potential to buyer
Huge re-development potential, increase the bulk and increase income

Auctioneer Details

Claremart Auction Group Logo
Claremart Auction Group
333 Voortrekker Road and 114 & 114A Wynne Street, Parow
http://www.theauctioneer.co.za/auctions/collection/19 http://www.theauctioneer.co.za/auctions/entry/alrode-alberton-large-industrial-warehouse-with-a-grade-offices-invitation https://nucoauctioneers.com/auctions/truck-plant-earthmoving-auction-1-november-2018