R 4,000,000

Development Opportunity in Paarl – Approved Plans for Residential and Commercial Units

An excellent development opportunity in Paarl, offering a 1,700m² plot with approved building plans and zoning already in place.

The proposed development comprises 12 two-bedroom flats, 3 one-bedroom flats and 5 commercial units, creating an opportunity to establish a mixed-use residential and commercial property.

The residential component offers potential for strong rental returns, particularly with the demand for accommodation in Paarl. The layout could also lend itself to student accommodation, depending on the final development and market requirements. Alternatively, individual flats could be sold to prospective buyers, providing an opportunity to generate returns through sectional title or other suitable ownership arrangements.

The commercial component offers further potential, with the property's positioning providing good exposure and accessibility for business use.

With approved plans and zoning already in place, this property offers investors and developers an opportunity to proceed with a substantial mixed-use development, with various possibilities for generating income from both the residential and commercial components.

A worthwhile investment prospect for developers looking to establish a rental portfolio or explore a mixed-use development in Paarl.