Hands-off, high-yield investment in Glenlily, Parow — prime Voortrekker Road exposure with 58 tenanted apartments, modernised lift and meters, plus rooftop leasing and signage potential.
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 well-established and conveniently located residential area in Parow, offering a mix of housing options and easy access to essential amenities, making it a desirable place to settle down.
* Distances and amenities are approximate.