Commercial for sale
Enjoy turnkey passive income in prime Parow, on the corner of Voortrekker Road and Gardiner Street — 58 tenanted units with a new lift, high-speed internet and strong rental demand.
SOLE MANDATE: Tokomak House is a fully tenanted apartment block ideally located on the corner of Voortrekker Road and Gardiner Street, Glenlily, Parow. This investment property offers excellent visibility, strong rental returns, and long-term growth potential.
The block consists of 58 apartments ranging from 24 m2 to 65 m2 (average 31 m2). Most are bachelor and one-bedroom units, with a few two- and three-bedroom apartments. Total combined area ±1 773 m2.
Currently owner-managed with a rental agent in place, Tokomak House operates efficiently with no body corporate and no levies, giving the owner full control.
Upgrades since purchase:
Highlights:
Ideal for VAT-registered investors seeking a solid, high-yielding residential block in a prime Parow location.
Contact Cathy Hoogenhout | Encore Realtors powered by eXp Realty.
Listed for sale at R29,500,000
Glenlilly is a centrally located, established residential neighborhood in Parow that offers residents convenient access to major transport routes, essential amenities, and a blend of traditional suburban living.
