This impressive mixed-use building boasts accommodation for 32 students along with two additional 2-bedroom apartments with their own lounge and kitchen. The student accommodation has been recently renovated, includes communal kitchen and bathroom spaces, and has everything a student could need within walking distance of the premises. Further, there is commercial letting space at ground floor level, which is currently used as a motor-cycle store. This investment opportunity provides you with many options to expand your income in a prime location.
Area description:
Parow is a suburb of Cape Town in the Western Cape, South Africa. It is located in the northern suburbs of Cape Town, just east of Goodwood and southwest of Bellville. Parow has easy access to some of the mother citys major tributaries, the N7 and N1, placing the suburb in an effortlessly reachable position for those needing to get to the City Center fast or the outer reaches of the city via Paarl. It is a well-established and centrally located commercial, residential, and industrial area in the northern suburbs. Its a slightly more affordable option than other areas located around the CBD of Cape Town. Hence, many are choosing Parow as their operational base. A lot of the commercial and industrial industries are based around Jan Smuts Road and the adjacent Epping Avenue hence, this is the most commercially driven area in Parow. Due to Parow being centrally situated in the Northern Suburbs of Cape Town, there is also a lot of development taking place.
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