6 Bedroom Simplex in Annadale

Sole Mandate - We are looking for a cash buyer!!

The Seller is a VAT vendor and VAT is excluded from the price if applicable. No transfer duty is payable on VAT transactions.

Situated in the heart of Ladanna, this property offers an excellent location close to shops a school and local businesses. With secure boundary walls on all four sides, it presents great potential for redevelopment or a complete renovation project.

The existing buildings are very old and in poor condition, requiring work or could be demolished and rebuilt to suit your vision.

Currently used as a multi-tenant boarding house, the property includes:

Main house converted into 6 bedrooms using dry-walling and the original single garage become a flatlet with 1 bedroom, and a kitchenett

plus 3 wooden rooms

Communal kitchen equipped with a gas stove

One bathroom with bath, shower, and basin, plus a separate toilet

Additional outside toilet

Very large steel carport providing ample covered parking, approx 119sqm

Pre-paid water and electricity

This property is ideal for an investor or developer looking for a project property in a high-demand rental area with strong redevelopment potential. The current rental agreements are on month-to-month base and the rental income is R14 500 pm.