Ten­anted mixed-use Parow build­ing of­fers great po­ten­tial

Weekend Argus (Saturday Edition) - - PROPERTY -

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.

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