Paarl South, Paarl

Price negotiable. Situated in the sought-after southern area of Paarl, this unique property presents an outstanding opportunity for residential development while offering immediate rental income from an attractive heritage commercial building. The beautifully restored heritage building is currently occupied by a stylish gift, coffee, and interior décor shop, generating a monthly rental income. Above the commercial space is a spacious loft apartment featuring one bedroom, with the potential to be converted into a two-bedroom unit. Additionally, a large workshop with a toilet and two small storage rooms. The loft apartment offers an open-plan layout comprising of a kitchen, living area, dining area, bathroom and bedroom. Character features such as exposed beams and wooden flooring enhance its appeal with three large chandeliers. A large south-facing balcony enjoys stunning mountain views, while two wooden decks face north. The apartment also benefits from a private entrance. The existing workshop can be demolished to create additional development space. This is a rare opportunity to acquire a versatile property that combines heritage charm, established rental income, and significant future development potential in a prime Paarl location. Contact me for a viewing.