R5,775,000
Prime Multi-Use Property in Paarl! Retail & Residential Fusion with Expansion Potential.
Welcome to your next investment opportunity in the vibrant heart of Paarl! With its unique blend of commercial and residential spaces, this multi-use property stands out as a promising venture for savvy investors.
Discover a spacious 339.96 sq retail area on the ground floor, perfectly positioned to attract bustling foot traffic and drive business success. With its prime location, this retail space promises high visibility and ample opportunities for various ventures.
Ascend to the first and second floors to find six residential units, ranging from 38 sq to 52 sq each, offering comfortable living spaces for tenants seeking urban convenience in Paarl's thriving locale. These units provide a lucrative rental income stream and cater to the diverse housing needs of the community.
But the potential continues beyond there. This property aligns with a developer's dream, with the possibility of adding three extra residential units to enhance your rental income potential further. Additionally, the retail area offers flexibility for subdivision, allowing you to maximize rental income by accommodating multiple businesses or tenants.
Whether you're an experienced investor looking to expand your portfolio or a visionary developer seeking the next big opportunity, this multi-use property in Paarl offers the potential for high returns and endless possibilities. Seize this chance to capitalize on prime real estate and make your mark in one of the Western Cape's most dynamic locations.
Features
Zoning:
Mixed Use
Interior
Power 3 Phase
Yes
Exterior
Security
No
Sizes
Floor Size
708m²
Parking Bays
Open Parking Bays
22
Extras
Power Availability: Three Phase, • Number Of Floors: 3, • It's a Multi Tenanted Building
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