Rare Opportunity 3,100m² Plot 803m² Residence with 5 Rental Units

Rare Opportunity 3,100m² Plot 803m² Residence with 5 Rental Units in Parel Vallei, Somerset west , Cape Town.

Sole and Exclusive Mandate. Set on an expansive 3,100m² corner stand in a cul-de-sac street, this exceptional 803m² property presents a rare combination of family living and rental income-generating potential in the sought-after Parel Vallei neighbourhood, Somerset West. The property comprises a spacious main residence, seven bedrooms, five of the seven bedrooms are configured as apartments, all generating substantial, verifiable rental income. The existing rental agreements for the five income-generating apartments can, by arrangement, be terminated on registration of transfer should the purchaser elect to utilise the entire property exclusively as a private residence rather than continue the rental component.

**Key features:**

* The homeowners live in a spacious main residence.

* Seven bedrooms in total (five forming part of the rental apartments)

* Five fully configured and income-generating apartments

* Verifiable rental income available to prospective purchasers

* Borehole water

* Advanced solar system installation (25 solar panels)

* 500m from Parel Vallei High School

**Garden & Exterior area****:**

Secure access is provided via two automated sliding gates, allowing for parking of approximately six to eight vehicles on the brick-paved driveway within the premises. The main entrance, positioned in a quiet cul-de-sac, enhances both privacy and exclusivity.

The established 3,100m² garden offers an automated borehole-water irrigation system, mature trees, palm trees, a vegetable garden and fruit trees, complemented by a massive swimming pool and multiple patios, courtyard area and paved walkways. The generous grounds not only provide a tranquil lifestyle setting but also offer further expansion potential.

**Main Residence:**

The main home welcomes you into a spacious open-plan entrance hall and living area featuring wooden flooring, a wood-burning fireplace, ceiling fan, elegant iron-framed glass doors and private guest toilet. Sliding doors open from the living areas to a large courtyard patio, creating seamless indoor-outdoor flow.

A formal lounge, currently utilised as an additional bedroom but not included in the official seven-bedroom count, includes a second fireplace and connects directly to the kitchen via a glass panel door.

The open-plan kitchen, dining and home office area continues the warm wooden flooring throughout. The kitchen is well-appointed with a centre island, granite countertops, 90cm undercounter oven with glass hob, extractor fan, double sink and dishwasher connection, as well as an air-conditioning unit.

The dining room features a third wood-burning fireplace and opens onto a courtyard patio with built-in braai. A separate private laundry / storeroom is conveniently connected to this area.

The private bedroom wing is positioned behind double wooden doors and separated from the main living areas. It offers large entrance hall and passage, three bedr