Barbara Strydom
Barbara Strydom Barbara Barbara Strydom - Cape Coastal Homes
Cape Coastal Homes
0833403162
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Barbara Strydom
Barbara Strydom Barbara Barbara Strydom - Cape Coastal Homes
Cape Coastal Homes
0833403162
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House in Paarl - MR609221

R 3,099,000
10
bed
8
bath
750m2
floor area
959m2
erf size
Rate this Deal

10
8
750m2
959m2
Paarl - MR609221
House in Paarl, WCape - Stellenbosch,Franschhoek,Paarl, Western Cape
R 3,099,000

Property Overview

Income generating property!
Good investment property with scope to increase income drastically!
Options:

Keep the front heritage façade in front, and do a new and exciting development
OR

Keep the existing buildings, renovate and increase the potential income!

This unique property offers a lot -

1. Two semi-detached houses with heritage fronts-

One bedroom house - current rent R3 800 [hidden]
Two bedroom house - current rent R5 300 [hidden]

2. Enormous ±130m² laundry - current rent R5 800 [hidden]

This huge open space is something to seriously look at - it can be converted into more accommodation to rent out.

3. Four bachelor flats - current income R5 500 per unit. Two of the units are rented out but a much better income can

be achieved by some renovations and upgrading.

4. Large Double story house - current rent R8 000 [hidden] This building can be divided into two or more living spaces and the

rental income can be increased drastically with some refurbishment.

The current monthly income is R28 400. It is a drop in the bucket to what the property can yield with TLC.

It is perfectly located in the "mixed use zone area", next to an Apartment block.

Some other possibilities include:

1. Apartment building
2. Community residential
3. Dwelling house
4. Group housing
5. Hostel
6. Lodging accommodation
7. Second dwelling house
8. Third dwelling unit
9. Visitor's accommodation
10. Occasional use (x1)
12. Restaurant (on ground on activity street)
13. Shop (on ground on activity street)
14. Utility services
15. Medical Facility
16. Dementia/Alzheimer center
19. Retirement village

Original building plans available.

Are you ready for a new challenge in 2024? Let's make this happen!

...read more
Barbara Strydom
Barbara Strydom Barbara Barbara Strydom - Cape Coastal Homes
Cape Coastal Homes
0833403162

Property Key Features

Rooms

  • 10 Bedrooms
  • 8 Bathrooms

Services

  • Rates and Taxes R1708

More Features

  • Property Type - House
  • Seller Type - Private Property
  • Floor Area - 750m2
  • Erf Size - 959m2
  • Price per square floor meter - R4,132 per m2
  • Price per square erf meter - R3,231 per m2

Property Photos

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Contact Info

Barbara Strydom
Barbara Strydom Barbara Barbara Strydom - Cape Coastal Homes
Cape Coastal Homes
0833403162
Owner details
Barbara Strydom
barbara.strydom@cch.co.za
0833403162

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0833403162

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Neighbouring Areas

Charleston Hill , Cloetesville , Courtrai , De Zoete Inval , Denneburg , Devonvallei , Die Boord , Eden , Franschhoek , Groenheuwel , Groenvlei , Idasvallei , Jamestown , Kleingeluk , Kylemore , La Pastorale , Lemoenkloof , Lindida , Paarl , Paradyskloof , Paryskloof Estate , Plankenbrug , Pniel , Rabiesdale , Simonswyk , Stellenbosch , Stellenbosch Farms , Uniepark , Vrykyk

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