1 581 m² Commercial space in Parow Central

Introducing a rare mixed-use, high yield investment opportunity in the heart of Parows rapidly developing commercial and student district.

The building has upmarket, modern interiors and quality finishes. Perfectly positioned along Voortrekker Road, one of Cape Towns busiest arterial routes, this fully operational, fully tenanted building offers:

- exceptional income stability

- modern upgrades

- significant future expansion potential

LOCATION ADVANTAGE

Situated in Parows bustling commercial corridor, the property benefits from:

Proximity to UWC, CPUT and various colleges

High public transport accessibility

Strong demand for affordable, secure accommodation

Constant retail foot traffic

A growing urban renewal environment

THE OPPORTUNITY

This is a turnkey, income producing asset with:

Strong monthly cash flow

Near zero vacancy

Expansion potential

GB4 zoning

A proven tenant management system

The residential portion of the property has recently been professionally renovated, ensuring minimal maintenance and strong tenant retention.

INVESTMENT HIGHLIGHTS

Total current Income - - R 201 000 pm

- 6 Retail Shops: 100 Retail occupancy

Income: R87 000 per month

High visibility frontage on Voortrekker rd.

Off-street customer parking

Stable long-term tenants

Prepaid water meters in retail units

- 23 Residential units:

Income: R114 000 per month

Strictly vetted tenant base consisting primarily of young working professionals and students from nearby UWC and colleges

Modern communal kitchen and ablution facilities, prepaid electricity, individual lockers

Well-managed levy system covering gas, water, wi-fi and cleaning costs

- 8 Ground floor offices:

Offices for on site supervisor and maintenance personnel units excluded from income

Could be rented out as offices or dorm rooms for additional monthly income

Managers office

CCTV control room

Secure access

9 secure off-street parking bays 4 covered

Additional off street parking

- Further expansion potential:

Plans underway for 13 additional rooms, with the first floor dry wall configuration allowing easy reconfiguration.

A large outdoor balcony 267m² offers further development potential.

UNLOCKING A PRIME STUDENT ACCOMMODATION INVESTMENT

Situated in the heart of Cape Towns academic hub, this property offers a lucrative opportunity to tap into the growing demand for student housing from CPUT and UWC. With NSFAS funding guaranteeing consistent rental income, the numbers speak for themselves:

High Demand, Guaranteed Occupancy: Both universities are within proximity, making this a central hub for student accommodation.

Current Capacity: With existing space, 75 students can be accommodated, generating

R312 450 per month at NSFASs rate of R4 166 per student.

Expansion Potential: Approved plans add approximately 556m² including the ground floor space, creating room for an additional 79 students.

Total Income Potential: Fully utilized, the property can generate R641 564 per month in rental income from student accommodation alone, this excludes the retail income.

This is more than just accommodation, its a stable, scalable income stream backed by government funding and driven by ever-growing student demand. With the expansion already approved, investors can step into a high-yield opportunity with immediate returns and long-term growth.

A rare chance to secure a high performing investment in one of Cape Towns most active mixed use corridors.

Please contact me for detailed financial information, including current capital value calculation

All figures provided by management

Ingrid Wiese is a representative of Real Estate Power CC trading as REAL REALTY