JOINTLY MARKETED

Discover this income-generating gem in a highly sought after area of Paarl, walking distance to Paarl Boys Primary, Paarl Boys High, Paarl Girls High, La Rochelle High School, and an array of top restaurants—perfect for attracting families and professionals. The spacious main house is a sturdy wooden structure with all wood inspection certificates in place, boasting 3 bedrooms and 2 bathrooms. It features two ground-floor bedrooms sharing a full bathroom (basin, toilet, shower, bath) and a loft bedroom enjoying its own en-suite. Revel in the open-plan kitchen and living room, complete with a stunning kitchen, scullery, air-cons in every bedroom and living area, and a half-covered outdoor deck ideal for entertaining—complete with a jacuzzi.

Separate from the main house are three bachelor flats, each fully equipped with air-con, kitchenette, and bathroom (toilet, basin, shower). Secure parking is a highlight: 2 bays for the main house and one per flat. A communal laundry serves all residents, and a dedicated cleaner maintains the entire property twice weekly. Bonus: All furniture, appliances, cutlery, and crockery are included in the sale (except everything in Apartment 1, which belongs to the tenant)—meaning the main house and two apartments are rented out fully furnished for maximum appeal and income stability.

Fully tenanted at R38,400pm gross (R28,400pm nett after R10,000pm expenses for rates, taxes, maintenance, and cleaning) with 5% annual escalations—yielding an impressive ~7.6% nett return on the R4.5 million asking price. Low-maintenance, high-yield perfection—priced to sell as owners have emigrated.

Contact for viewings!