Commercial Property For Sale in Parow Central, Parow

Parow Central, Parow, Western Cape

Commercial Property

ZAR 19,800,000

• 16 bathrooms
• 1,671 sqm

This 1671m² GLA mixed-use property on Voortrekker Road, Glenlilly, Parow offers a prime investment and development opportunity. Perfectly positioned on a high-visibility, transit-oriented corridor, it provides immediate access to CPUT, UWC, and Northlink College via major public transport routes. The space is ideal for high-yielding student housing combined with ground-floor retail and offices or residential accommodation for young professionals which is the current model. 159 Voortrekker Road is the former Permanent Bank / Building Society Building and was purpose-built for the application. It is a very solid building and is an ideal building to convert to student residences. It sits on an erf of 1375m2 with a GLA of 1671m2. The building enjoys frontage onto Voortrekker Road as well as onto Wrensch Road. It has an enclosed parking area at the back with parking for 9 cars. There is also a public parking area at the back with parking for around 150 cars. It is located in the preferred catchment area for student accomodation with at least 3 CPUT student residences across the street/in the immediate vicinity. It is on the HGTS route, the taxi route and is surrounded by national FMCG…