Commercial space in Glenlily

Investment Opportunity: High-Yield Residential Apartment Block Zero-Rated VAT Potential

Secure a compelling asset in Cape Town''s high-demand rental market. Tokomak House presents a rare opportunity to acquire a fully tenanted, owner-controlled apartment block positioned at a high-visibility, prime location on the corner of Voortrekker Road and Gardiner Street, Glenlily, Parow.

This investment is tailored for VAT-registered investors seeking strong cash flow, capital growth, and the significant advantage of a potential Zero-Rated VAT transaction.

Investment Highlights

Key Features

Asset Type: Fully tenanted residential apartment block

Location: Prime corner exposure Voortrekker Road & Gardiner Street, Glenlily, Parow

Total Units: 58 income-producing units

Gross Lettable Area GLA: 1,773 m²

Unit Mix:

Primarily bachelor & one-bedroom units 24 m² 65 m², avg. 31 m²

A selection of two- and three-bedroom units

Management Structure:

No body corporate

No levies

100 owner control

VAT Advantage:

Seller is VAT-registered

Potential Zero-Rated VAT sale for VAT-registered buyers subject to standard requirements

Additional Income Opportunities:

Advertising signage

Rooftop cellular tower leasing

Management:

Currently owner-managed

Professional rental agent in place for smooth operations

Operational & Value-Add Enhancements:

The current owner has invested significantly in upgrades and enhancements to ensure long-term efficiency and tenant satisfaction:

Infrastructure Upgrades:

New lift installed

Aesthetic Improvements:

Entire building recently repainted

Energy Efficiency:

Boiler relined

New heat pumps installed for hot water supply

Utility Control Systems:

New water, electricity, and hotcold metering installed in all 58 units

Unit Modernisation:

Built-in cupboards in all units

New electric stoves fitted

Connectivity:

High-speed internet available throughout the block

Tokomak House is positioned within a strong rental demand node, offering investors a secure, high-yield asset supported by a proven history of effective management. The benefit of single-owner control with no body corporate or levy costs provides strategic flexibility in managing expenses and rental growth.

This property is ideal for investors seeking to scale their residential portfolio with an asset that provides:

Immediate income

Modernised infrastructure

Strong operational foundations

Additional revenue stream potential

Contact Ian today for the full rental roll, financials, and to discuss the Zero-Rated VAT opportunity.

Property Partners provides services in the residential property market in Cape Town, focused on two key areas: Residential Property Management and Residential Sales