Investment opportunity: This property is in a thriving business hub and residential area in the city center of Paarl. It needs attention and has the opportunity to create units. The property is already in use, with residential and commercial tenants bringing in passive income.
There is a section of 272sqm open space that could be developed into a ground-floor and first-floor level. The subdivided 232sqm dwelling is currently used as a two-bedroom unit and rented out, and the other section is used as a one-bedroom unit and rented out. This dwelling has great potential to be converted into a commercial unit, with the option to convert the 200sqm attic into a first-floor level space.
There is a 140 sqm duplex that is currently being rented out on the property with ground and 1st floor level. The buildings need some TLC, this would be a good re-development investment project.
Paarl (English: Pearl) was named after the awe-inspiring sight of the Paarl Domes on the Mountain Range in the morning after a heavy storm.
Originally an outpost for trade between the Dutch and the local Khoi, Paarl is a beautiful town located in the Western Cape Province, and is the third oldest town in South Africa.
Residents of Paarl property take pride in the amazing scenery that completely surrounds...
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