5 Bedroom House 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.

This property is located in one of Polokwanes most established and character-filled neighbourhoods, where homes were built to last with solid, durable structures. Offering excellent investment potential, the property is currently used as a boarding house, generating a monthly rental income of R17 200, with tenants renting on a month-to-month basis.

The main house measures 139sqm and includes 5 bedrooms, of which 3 have built-in wardrobes. A bathroom with a bath, toilet and basin is located inside the house. There is no lounge, kitchen or dining room as these have been converted to bedrooms, using dry-walling.

The outside buildings include: A 77sqm structure, previously a garage, now converted into 3 bedrooms with a shared toilet 4 wooden rooms, adding additional accommodation 3 outside toilets and 2 showers, serving the tenants. The property is fully walled on all sides, providing privacy and security.

This is a solid income-generating investment with further potential for upgrades or redevelopment in a sought-after, centrally located area of Polokwane.