Discover this exceptional investment opportunity in one of Paarl’s most sought-after locations. Perfectly positioned within walking distance of Paarl Boys’ Primary, Paarl Boys’ High, Paarl Girls’ High, La Rochelle High School, and a variety of top restaurants, this property offers outstanding appeal to families, professionals, and long-term tenants alike.
The main house is a sturdy wooden structure with all wood inspection certificates in place and features:
* 3 Bedrooms and 2 Bathrooms
* Two ground-floor bedrooms sharing a full bathroom (basin, toilet, shower, bath)
* A loft bedroom with its own en-suite bathroom
* Open-plan kitchen and living area
* Beautiful modern kitchen with scullery
* Air-conditioning in every bedroom and living area
* A half-covered outdoor entertainment deck with a jacuzzi
Separate from the main house are **four fully self-contained bachelor flats**, each offering:
* Air-conditioning
* Kitchenette
* Bathroom (toilet, basin, shower)
Additional features include:
* Secure parking: 2 bays for the main house and 1 bay per flat
* Communal laundry for all residents
* Furniture, appliances, cutlery, and crockery included in the sale
_(Excludes Apartment 1 contents, which belong to the tenant)_
**Rental & Investment Details:**
* Fully tenanted
* Gross rental: **R38,400 per month**
* Nett income: **±R28,400 per month** (after ±R10,000 expenses for rates, taxes, maintenance & cleaning)
* 5% annual rental escalation
* Nett yield: **±7.6%** on the **R4.5 million** asking price
Low-maintenance, high-yield investment. Priced to sell as the owners have emigrated.
?? _Contact us to arrange a private viewing._