25 Bedroom Apartment For Sale in Parow

Property description

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

The building has upmarket, modern interiors and quality finishes. Perfectly positioned along Voortrekker Road, one of Cape Town’s busiest arterial routes, this fully operational, fully tenanted building offers:
- exceptional income stability
- modern upgrades
- significant future expansion potential

LOCATION ADVANTAGE
Situated in Parow’s 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
Manager’s 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 Town’s 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 NSFAS’s 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, it’s 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 Town’s 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