From Only R465,000

Station Road Court, Parow, Cape Town, Western Cape

The last time ever that you will find this type of investment, in this type of area, at this type of price. Limited units available due to project size. Don't delay.

Redevelopment of a popular commercial property in Parow into a bachelor and two bed apartment building.

INVESTMENT SUMMARY

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Why invest?

Location Location Location

With limited available land and an expanding population in Cape Town, the fast merging industrial, commercial, and residential nodes in the surrounding areas is a growing trend. However, growth cannot keep up with demand, making these areas an exceptional investment hotspot and the reason why opportunities like these are sought after for seasoned property investors.

Proximity

During a great storm in Table Bay in 1865, 19 ships were stranded. Amongst the many schooners was the Kehrwieder, the ship of Captain Johann Heinrich Ferdinand Parow (not “Sparrow). After being stranded, Captain Parow settled down in the Cape of Good Hope and married Johanna Wilhelmina Timmerman, the daughter of the family that helped Captain Parow after being stranded on the Cape coast.

Parow quickly realised the potential value of the Tyger Valley area north of Cape Town and that the area held great opportunities for cattle trade. Captain Parow soon moved inland to this area and started selling ground in the area which is today known as Parow, which built up a great deal of wealth for the Captain.

Captain Parow’s telescope is in the Town Hall of Parow.

The area is receiving more attention from investors due to the City of Cape Town investing R170 million in the area’s infrastructure and the government’s UDZ (Urban Development Zone) tax incentive initiated to uplift the majority of Voortrekker Road and surrounds.

The Voortrekker Road Corridor Improvement district stretching from Woodstock to Bellville was recently formed to improve the safety, appearance, and identity of the area in exchange for a levy contributed by local property owners.

Station Court is conveniently situated within walking distance of Parow Centre, the University of South Africa, and many more amenities.

Statistics are provided by TPN Credit Bureau
 
The redevelopment of an indoor squash court into upmarket bachelor and 2-bedroom sectional title apartments over two storey’s high.
There are 2 different unit types to select from.

Value Adding Features