Commercial Property for sale in Paarl South

R10,500,000
  1. 2,438m²
  2. Web Ref: 1081335
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Property Features

ERF Size 2,438 m²
Building Size 1600m²

Interior Features

2 Store Rooms

Exterior Features

22 Parking Spaces

A great commercial property investment in Paarl South.

Situated just off the Main Road with a prominent location, this imposing and characterful building boasts a mixed-use feel, as a large portion is utilized as offices, showrooms, light industrial and workshops. The whole building is tenanted with solid, long term lease agreements in place. The rental income would service a bond, equal to the selling price with ease, making this a sound investment.

The maintenance on the building is low, as well as the monthly running costs. Size: 1487m² building, situated on a 2 438m² stand with ample off-street parking space.

To talk about the location being the most important factor for investing in property, might sound like (the typical) cliché, but even more so when it comes to Commercial property! Paarl South is a blueprint for urban renewal with various buildings, offices and residential units already revamped. It has easy access to the N1 highway and is still close enough to the center of town! The possibility is there, for residential property developers, to go up to approximately 6 storeys, subdividing it into sectional title units - selling them off or renting them out individually. Provisional approval has been received with regards to the aforementioned.

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*based on purchase price at Prime over 20 years

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