Commercial space in Glenlily

SOLE MANDATE: Tokomak House is a fully tenanted apartment block ideally located on the corner of Voortrekker Road and Gardiner Street, Glenlily, Parow. This investment property offers excellent visibility, strong rental returns, and long-term growth potential.

The block consists of 58 apartments ranging from 24 m to 65 m (average 31 m). Most are bachelor and one-bedroom units, with a few two- and three-bedroom apartments. Total combined area 1 773 m.

Currently owner-managed with a rental agent in place, Tokomak House operates efficiently with no body corporate and no levies, giving the owner full control.

Upgrades since purchase:

New lift installed

Entire building recently repainted

Boiler relined and new heat pumps fitted

New water, electricity and hot/cold meters in all units

Built-in cupboards and new electric stoves in every unit

High-speed internet access throughout

Highlights:

58 income-producing units

Total GLA 1 773 m

Prime exposure on Voortrekker Road

Strong rental demand area

Professionally managed

Seller VAT-registered zero-rated sale possible for VAT-registered buyers

Additional income potential from advertising signage and rooftop cellular tower leasing

Ideal for VAT-registered investors seeking a solid, high-yielding residential block in a prime Parow location.

Contact Cathy Hoogenhout | Encore Realtors powered by eXp Realty.