Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Main House
Garden Cottage
Garden Cottage
Garden Cottage
Garden Cottage
Garden Cottage
Garden Cottage
Garden Cottage
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Air B&B Accommodation
Main House
5 Bedroom Freehold For Sale in Paarl North
R4,500,000
20 Optenhorst
Monthly Bond Repayment R48,766.82
Calculated over 20 years at 11.75% with no deposit.
Web Ref No RLS951564
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.
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.
Features
Bedrooms 5
Security Yes
Bathrooms 3
Flatlet 1
Recep. Rooms 4
Land Size 893m²
Carports/Parkings 5
Pets Allowed Yes
Monthly Rates R1,098.19
Security Yes
Bathrooms 3
Flatlet 1
Recep. Rooms 4
Land Size 893m²
Carports/Parkings 5
Pets Allowed Yes
Monthly Rates R1,098.19
Extras
Above Road
Accommodation
Air Conditioner
Alarm System
Basin
Bath
Bath Toiletand Basin
Carpets
Cooling Fans
Dishwasher Connection
Eye Level Oven
Fenced
Curtain Rails
Gas Hob
Outside Toilets
Garden Flat
Open Plan Kitchen
Shower
Wooden Floors
Classical
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