UNLIMITED POTENTIAL INVESTMENT OPPORTUNITY IN HISTORIC PAARL
Nestled on Optenhorst Street in the heart of Paarl, this property boasts endless potential for those seeking a lucrative investment. With its prime location and a history spanning almost 140 years, this well-maintained gem is a testament to enduring charm.
Under the same ownership for the past four decades, the property has been meticulously cared for and presents an exciting prospect for development. The main house, steeped in history, features two bedrooms and a well-appointed bathroom. The spacious and beautifully designed kitchen seamlessly integrates with the open-plan living area and dining room, creating a warm and inviting atmosphere.
Generating additional income, there's a garden cottage with a monthly rental yield of R10,800. Furthermore, part of the property is already utilized for Airbnb, providing a consistent and attractive revenue stream.
The location is truly ideal, offering the convenience of being within walking distance of Mediclinic and Paarl Gymnasium. Whether you're looking to invest, develop, or create a charming residence, this property is a rare find.
While the main house has stood the test of time, the attic is awaiting some tender love and care, offering an opportunity for enhancement and personalized touches.
Paarl, located in the Western Cape, is one of the oldest towns known for its magnificent landscape, owing to its incredible scenic beauty. The area is renowned for its wine and deep-rooted viticulture fruit-growing heritage.
Situated 60 km northwest of Cape Town, Paarl boasts the largest rock outcrops and takes its name from the huge granite outcrop on the crest of Paarl Mountain. Residents of the Paarl property...
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Beyond your expectation