Paarl, WC, South Africa (Off Market)

For Sale, PRICE ON APPLICATION


Property Type : Single Family Home

Property Style : N/A

Build Size : 13,993 ft² / 1,300 m²

Land Size : 2,400 ft² / 223 m² Convert Land Size

Bedroom : 28

Bathroom : 16

Half Bathroom : 0

MLS#: N/A


Property Description

An exceptional residential investment opportunity comprising fourteen modern two-bedroom apartments, designed as two identical sections of the development.The development consists of six blocks in total — three blocks on each side — providing seven two-bedroom apartments per side and fourteen apartments overall. The units are arranged in a secure, attractive residential environment with landscaped communal areas, paved access and dedicated parking.A strong income-producing investment.The development is particularly suited to an investor looking for a hands-off residential rental portfolio with multiple income streams under one ownership.Investment highlights:Fourteen × two-bedroom apartmentsAll units have a modern, practical layoutSecure gated residential environmentDedicated parking and landscaped surroundingsAttractive contemporary architectureExcellent appeal to young professionals, couples, families and hospital/medical personnelTarget investment return of approximately 9%One consolidated investment rather than managing multiple individual propertiesPotential for long-term capital appreciation in PaarlThe location is especially attractive for rental demand. Paarl Hospital is at 10 Hospital Street in Lemoenkloof, placing the development close to an important employment and healthcare node.The surrounding area also provides convenient access to schools, shopping and everyday amenities, including Optenhorst Village Mall, Rembrandt Mall and Paarl Mall. Several established schools are also nearby, including Noorder-Paarl Secondary School and Paarl Boys' High School.Why this makes sense for an investorRather than purchasing a single apartment and relying on one tenant, the investor acquires fourteen rental-producing units in one development. This diversification can provide greater income stability because a vacancy in one apartment does not eliminate the entire property's rental income.There is also evidence of established demand for apartment rental accommodation in Paarl. A recently marketed apartment investment in Paarl, for example, comprises 26 residential apartments and reports strong existing rental demand, with two-bedroom units forming a significant portion of the rental stock.The opportunityFourteen apartments × rental income = a substantial recurring income stream, with the advertised 9% return providing an attractive starting point for an investor seeking yield together with the potential for long-term property appreciation.A modern residential development. Fourteen two-bedroom apartments. One investment. A compelling income opportunity in Paarl.
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Paarl, WC, South Africa, South Africa,Western Cape,Paarl is a 13,993ft² Paarl luxury Single Family Home listed for sale PRICE ON APPLICATION. This high end Paarl Single Family Home is comprised of 28 bedrooms and 16 baths. Find more luxury properties in Paarl or search for luxury properties for sale in Paarl.