Tenanted mixed-use Parow building offers great potential
AN ENTIRE mixed-use Parow property will fall under the hammer of the ClareMart Auction Group during its multiple commercial and investment property auction this month.
“Parow is a northern suburb retail and residential hub and this building offers investors the opportunity to acquire tenants in both sectors,” says executive auction director, Mike Baigel.
The Middestad building comprises 212 Voortrekker Road and 127 King Edward Street and has 16 single rooms over two floors which share communal cloakrooms.
There are also two bachelor units, four one-bedroom apartments and two two-bedroom units, as well as a three-bedroom apartment. The retail components consists of two shops.
Baigel says the building will be sold with a garage and six covered parking bays.
Middestad will be auctioned at the One & Only Hotel, V&A Waterfront on Wednesday at 12.30pm. For viewing instructions and other information call Mike Baigel on 021 425 8822 or 082 926 9479 and visit www.claremart.co.za.
INVESTMENT: The Middestad building in Parow consists of residential and retail units.