Commercial property for sale in Parow Central

Description

TRANSFER DUTY APPLICABLE - An exceptional opportunity to acquire a fully tenanted, high-yield mixed-use building in the heart of Parow’s rapidly expanding commercial and student node. Positioned on the busy Voortrekker Road corridor, this asset combines strong current income, modern upgrades, and outstanding future growth potential. The property has been thoughtfully upgraded with modern, upmarket finishes, offering a turnkey investment with immediate returns and long-term scalability. Strategic Location Advantage Located within one of Cape Town’s busiest commercial routes, the property benefits from: * Close proximity to University of the Western Cape and Cape Peninsula University of Technology * Excellent access to public transport networks * High demand for secure, affordable accommodation * Strong retail exposure with consistent foot traffic... TRANSFER DUTY APPLICABLE - An exceptional opportunity to acquire a fully tenanted, high-yield mixed-use building in the heart of Parow’s rapidly expanding commercial and student node. Positioned on the busy Voortrekker Road corridor, this asset combines strong current income, modern upgrades, and outstanding future growth potential. The property has been thoughtfully upgraded with modern, upmarket finishes, offering a turnkey investment with immediate returns and long-term scalability. Strategic Location Advantage Located within one of Cape Town’s busiest commercial routes, the property benefits from: * Close proximity to University of the Western Cape and Cape Peninsula University of Technology * Excellent access to public transport networks * High demand for secure, affordable accommodation * Strong retail exposure with consistent foot traffic * Ongoing urban regeneration in the Parow precinct The Investment Offering A fully operational, income-generating asset featuring: * Strong, stable monthly income * Near-zero vacancy levels * GB4 zoning allowing flexible usage * Proven tenant management systems * Recently renovated residential component ensuring low maintenance and high tenant retention Income Breakdown | ± R201 000 per month Retail Component (6 Shops) * ± R87 000 per month * 100% occupied with established tenants * Excellent street frontage on Voortrekker Road * Off-street customer parking * Prepaid water meters Residential Component (23 Units) * ± R114 000 per month * Occupied by vetted young professionals and students * Modern communal kitchen and ablution facilities * Prepaid electricity and individual storage lockers * Well-managed cost structure covering utilities, Wi-Fi, and cleaning Additional Improvements & Facilities * 8 ground-floor office spaces (currently used for management and operations – income upside potential) * On-site manager’s office and maintenance facilities * CCTV monitoring and secure access control * 9 secure off-street parking bays (4 covered) plus additional parking Expansion & Value-Add Potential * Approved plans for 13 additional rooms * Flexible internal layout allowing easy reconfiguration * Large 267m² balcony offering further development opportunities * Potential to convert existing spaces into additional income-generating units Student Accommodation Upside (NSFAS Opportunity) Positioned ideally for student housing, this property unlocks significant additional income potential: * Current capacity: ±75 students * Potential income: ± R312 450 per month (based on NSFAS rates) * Expansion potential: ±79 additional students * Total projected student income: ± R641 564 per month (excluding retail income) This represents a scalable, government-supported income stream driven by continuous demand from nearby institutions. Investment Summary This is a rare opportunity to secure a high-performing, mixed-use investment in one of Cape Town’s busiest and most strategic corridors. With strong existing cash flow and substantial upside through expansion, the property offers both immediate returns and long-term capital growth. Contact me for your exclusive viewing! Read full description + window.loader.addCallback((renderComponent) => renderComponent({"name":"ReadMore","props":"#1771516738","type":"c"}));

What we know about this property

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Portal facts

Parking

10

Security

24 Hour Access, Guard, Alarm System, Closed Circuit TV, Security Gate

Bathrooms

16

Floor Size

1671 m²

Description

Single Storey, Second floor and above, Ground Floor

Listing Date

18 June 2026

Pets Allowed

Yes

Natural Light

Yes

Listing Number

117329712

Multi Tenanted

Yes

Street Address

159 VOORTREKKER ROAD, Parow Central

Internet Access

Fibre

Rates and Taxes

R 13 500

Number of floors

1

Type of Property

Commercial Property

Availability Date

01 July 2026

Standalone Building

Yes

Wheelchair Accessible

Yes