KEEPING YOUR FINGER ON THE PULSE OF THE PROPERTY MARKET

WEBREF: 7323

PRIME COMMERCIAL PROPERTY WITH BLOCK OF FLATS - FANTASTIC RETURNS

333 Voortrekker Road and 114 & 114A Wynne Street, Parow

Property Description

SOLD FOR R17 824 000

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

Auction Venue

AUCTION VENUE

THE ONE & ONLY HOTEL, V&A WATERFRONT, CAPE TOWN

AUCTION TIME

28/02/2018

12h30

Property Location

Property Info

333 Voortrekker Road and 114 & 114A Wynne Street, Parow

CONTACT AGENT

Sanjeev Boyjoonauth

0712239552

ENQUIRE NOW

ON SHOW DATES

Wednesday 7 February 2018, 12 - 2 pm

Wednesday 21 February 2018, 12 - 2 pm