About this property

Exclusive with Pam Golding Properties In the heart of Glenlily, Parow, stands a classic-style block of flats with thriving commercial opportunities on the ground level and three floors of well-designed apartments above. This rare investment offering presents a balanced blend of lifestyle appeal and strong returns, making it a standout in the current real estate market. ERF Size: 943 m2 12 Flats = 6 One Bedroom, 6 Two Bedroom (Floor areas are between 56 m2 and 77 m2) 2 Businesses (Floor area 72 m2 and 249 m2) Sectionalized Title Registered Flats Monthly Income on Flats and Businesses: Available on Request Extremely well-maintained Property 20 Secure Parking Bays Rentals are at below Market Level Professional Architect on board for the consultation of remodelling or redevelopment opportunities At first glance, the building captures attention with its elegant, timeless façade. The ground floor has been purposefully designed to accommodate commercial tenants, offering flexible layouts for retail, professional offices, restaurants, or service-based businesses. The commercial component provides a dual advantage: 1. Income Stability – With reliable tenants on long-term leases, this portion of the building generates consistent revenue, insulating investors from market fluctuations. 2. Community Appeal – The presence of businesses at street level fosters a lively, urban atmosphere. Above the commercial base rise three stories of thoughtfully designed residential apartments. Key highlights include: • Classic Architecture with Modern Utility: Timeless design that appeals to discerning tenants while being built to contemporary standards. • Mixed-Use Income Potential: Secure revenue streams from both residential and commercial leases. • Prime Location: Positioned in a bustling part of town with easy access to schools, businesses, and transport routes. • Generous Parking: Rare in this market, ensuring higher tenant satisfaction and long-term stability. • Versatile Apartment Mix: Options that suit singles, couples, families, and retirees. Furthermore, the demand for rental apartments continues to rise as more people seek flexible housing solutions in urban areas. The commercial spaces, with their prime location and visibility, are equally resilient, especially as small businesses and service providers seek spaces in established neighborhoods rather than sprawling new developments. The area is highly sought after due to its proximity to major transport routes, reputable schools and tertiary institutions, hospitals and clinics, filling stations, and shopping centers. With Parow undergoing steady urban growth, the property presents significant development opportunities for student accommodation, medical suites, or high-yield rental units. For a private viewing, don't hesitate to get in touch with me today.