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R3,050,000 | 10 Bedroom House For Sale in Bertville

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R3,050,000

Monthly Bond Repayment R33,053.06
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R1,708

Amazing 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 p.m.
Two bedroom house - current rent R5 300 p.m.

2. Enormous ±130m² laundry - current rent R5 800 p.m.

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 p.m. 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!

Features

10
8
Pets Allowed
No
Interior
Bedrooms
10
Bathrooms
8
Kitchen
9
Reception Rooms
11
Furnished
No
Exterior
Security
No
Parkings
8
Flatlet
5
Pool
No
Scenery/Views
Yes
Sizes
Floor Size
800m²
Land Size
959m²
Extras Bachelor Studio; Perimeter Wall; Mountain View; Level Road
STREET MAP
STREET VIEW
-33.73327150000001, 18.9554233

Bertville, Paarl

Paarl property offers you the convenience of city amenities within 50 minutes of Cape Town International airport, 45 minutes from Cape Town's CBD & 45 minutes from the Strand or Blouberg beaches. Paarl is a town with oak-lined streets and vineyards. Many of the historic buildings currently house art galleries, restaurants, shops, guest houses and hotels. The 12km-long Main Road, the longest in the country, host some... More Info
Barbara Strydom
Barbara Strydom
Western Cape and South Africa Show number View my listings WhatsApp
Willie Strydom
Willie Strydom
Western Cape and South Africa Show number View my listings WhatsApp
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