ONLINE AUCTION
Bidding Start Time: Wednesday 25 June 2025 @ 09:00
Bidding End Time: Thursday 26 June 2025 @ 14:30
Registration is essential by Monday 23 June 2025.
Pre-Auction Offers may be considered. Auction Finance Available.
For more information, please contact the listing agent.
DESCRIPTION:
Prime Commercial Building With High Yielding Potential And Redevelopment Opportunity, In The Heart Of Parow CBD.
Located on Station Street /Arcade , with high foot traffic it makes a perfect investment or redevelopment opportunities.
Offering six Retail Shops and three are currently tenanted with three more rental opportunities,
with a GB4 zoning offering 2067m² of bulk with 25 metres height restrictions qualifies as the perfect mixed -use development opportunity for commercial and residential units
With a potential income opportunity of ±R54,000 pm or ±R648,000 per annum could yield you as an investor over 18% return.
Pre-auction offers from R2.9 mil plus Claremart fee will be considered.
DETAILS:
• Erf No: 9347, Parow
• Erf Size: 694m²
• Zoning: General Business 4
PAYMENT TERMS:
2.5% Deposit & 10% Auctioneers fee (excl. VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.
REGISTRATION REQUIREMENTS:
To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee.
DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.
Property Address
8 Station Street Parow Central Parow