PRICE REDUCED
Web Ref CCH463
R3,100,000
Monthly Bond Repayment R33,594.91
Calculated over 20 years at 11.75% with no deposit.
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Monthly Rates
R1,708
R1,708
Price adjusted for an 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!
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
Pets Allowed
No
Interior
Bedrooms
10
Bathrooms
8
Kitchen
9
Reception Rooms
11
Furnished
No
Exterior
Security
No
Parkings
8
Flatlet
5
Pool
No
Sea Views
True
Sizes
Floor Size
800m²
Land Size
959m²
Extras
Bachelor Studio; Perimeter Wall; Mountain View; Level Road
STREET MAP
STREET VIEW
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...
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