Investment Apartment Block for Sale in Parow - Zero-Rated VAT Opportunity

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:

• New lift installed
• Entire building recently repainted
• Boiler relined and new heat pumps fitted
• New water, electricity and hot/cold meters in all units
• Built-in cupboards and new electric stoves in every unit
• High-speed internet access throughout

Highlights:

• 58 income-producing units
• Total GLA ±1 773 m2
• Prime exposure on Voortrekker Road
• Strong rental demand area
• Professionally managed
• Seller VAT-registered – zero-rated sale possible for VAT-registered buyers
• Additional income potential from advertising signage and rooftop cellular tower leasing

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.