R6 600 000 | Commercial Property For Sale in Avondale, Parow

An exciting income-producing commercial property with strong redevelopment potential is available in Parow, offering investors and developers a rare opportunity to secure a substantial double-storey asset with existing tenants, multiple buildings, and excellent parking.
The property currently generates approximately R50,000 per month in rental income, providing holding income while a purchaser considers future redevelopment or repositioning opportunities.
The main double-storey building offers approximately 540 m² of office accommodation, comprising roughly 250 m² on the ground floor and 290 m² upstairs. A further ±150 m² separate building forms part of the consolidated property, bringing the combined building area to approximately 690 m².

A Strong Developer Opportunity
With its business 1 zoning, double-storey configuration, and substantial existing floor area, the property may present an attractive opportunity for a developer looking to reposition the site for an alternative use.
Potential future concepts could include:
- Student accommodation
- Residential conversion
- Co-living accommodation
- Professional suites
- Training or education facilities
- Medical or consulting rooms
- Mixed-use redevelopment
Any future conversion or redevelopment would remain subject to the relevant municipal approvals, planning requirements, and feasibility assessments, but the existing building footprint and configuration create an excellent starting point for further investigation.

- 11 parking bays in front of the property
- Additional secure gated courtyard parking
- Solar power supplying the downstairs premises
- Prepaid electricity to the upper level
- Separate building with its own water and prepaid electricity meter
- Existing income while future development options are explored

Income Today — Development Potential Tomorrow
For an investor, the property provides immediate rental income and multiple occupancies.
For a developer, the real attraction lies in the opportunity to unlock additional value through conversion or redevelopment, particularly given the double-storey structure, consolidated site, and existing parking.
This makes the property especially interesting for buyers looking for an asset that can provide holding income now with potential upside later.
Asking Price
R6,500,000
Contact Mellisa for further information or to arrange a viewing.

• Key Features
• - Asking Price: R6,500,000
• - Approx. 690 m² combined building area
• - Approx. R50,000/month existing rental income
• - Double-storey commercial building
• - 250m² ground-floor offices
• - 290 m² first-floor offices
• - Separate consolidated building of approx. 150 m²
• - Business 1 zoning
• - Existing 2-year lease agreements