9 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.

Located in the heart of Ladanna, close to shops and local businesses, this property offers excellent potential for redevelopment or a full renovation project.

The existing improvements are very old and in poor condition, needing repairs or may possibly be best suited for demolition and redevelopment.

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

Main house converted into 7 bedrooms using dry-walling, new floor tiles

Communal kitchen area no stove installed

One bathroom with bath, toilet, and basin

Original garage converted into 2 additional bedrooms

Fully walled property on all four sides

With its central location and solid boundary walls, this property presents an excellent opportunity for an investor or developer to rebuild or restore and unlock its full potential

The rooms are rented out on a month-to-month base and the current rental income is R13 350.00. Water and electricity are pre-paid.