Commercial For Sale in Parow, Parow

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Asking Price : R 2 850 000 (178 125 EUR*)

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Province:Western Cape City:Parow Suburb:Parow Bathrooms:1 Erf Size: ± 538 m2 Floor Size: ± 168m2

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    Agent : Leon Le Roux

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On main Road erf measuring 538 m2 and building size 168 m2
This is an excellent corner property and great potential for medical or dentist practice or renovate the inside into 4 smaller units.

The building has 3 entrances and the William Street 67m2 section is currently leased at R8900 per month. This tenant have renewed her lease for another year.

The seller currently occupies the Tierberg street remainder of the property and this section of 101 m2 and is mainly open plan with store room, kitchen, toilets and reception. It is this section of 101 m2 that I recommend to be subdivided into 4 smaller sections.

The seller expressed his intention to lease one smaller unit at lease rate of R6500 per month. He will enter into a year on year lease agreement.

Potential rental income if the 101 m2 is renovated into four smaller units is R6500 per month x 4 = R 26,000 + R8,900 = R 34,900.00