Prime Commercial Building In Parow CBD

OPENING BIDS TO BE ADJUSTED ONE DAY PRIOR TO AUCTION.

ONLINE AUCTION

Bidding Start Time: Wednesday 28 May 2025 @ 09:00

Bidding End Time: Thursday 29 May 2025 @ 14:30

Registration is essential by Monday 26 May 2025.

Pre-Auction Offers may be considered.  Auction Finance Available.

For more information, please contact the listing agent.

DESCRIPTION:

Prime Commercial Building with High Yielding Potential and Redevelopment Opportunity, In The Heart Of Parow CBD.

Located on Station Street / Arcade, with high foot traffic, it makes a perfect investment or redevelopment opportunities.

Offering six Retail Shops and three are currently tenanted with three more rental opportunities, with a GB4 zoning offering 2067m² of bulk with 25 metres height restrictions qualifies as the perfect mixed-use development opportunity for commercial and residential units

With a potential income opportunity of ±R54,000 per month or ±R648,000 per annum could yield you as an investor over 18% return.

Pre-auction offers from R2.9 mil plus Claremart fee will be considered.

DETAILS:

• Erf No:  9347, Parow
• Erf Size:  694m²
• Rates:  TBC
• Zoning:  General Business 4

Web Ref:  715518

VAT Applicable

PAYMENT TERMS:

2.5% Deposit & 10% Auctioneers Fee (excl. VAT on fee), payable on the fall of the hammer by means of EFT only.  Balance payable on Transfer.

Sanjeev Boyjoonauth | 066 054 2211 | 021 425 8822 | sanjeev@claremart.com

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: info@claremart.co.za