5 Bedroom Freehold For Sale in Paarl North - 20 Optenhorst, RLS951564

Detalles

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.