8 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 is applicable. No transfer duty is payable on VAT transactions.

This corner stand in Ladanna offers excellent location and visibility, situated close to shops and local businesses. The property is fully walled on all four sides with a sliding entrance gate for access.

The existing improvements are very old and in poor condition, requiring major repairs or may be better suited for demolition and redevelopment.

Currently, the property is being rented out room-by-room and functions as a multi-tenant boarding house:

Original house converted into 6 bedrooms using dry-walling

Original garage converted into 2 additional bedrooms

Small communal kitchen and a stoep area

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

Pre-paid water and electricity

This property is ideal for an investor or developer looking for a project whether to renovate, rebuild, or redesign into a modern multi-unit rental.

The rooms are rented out room-by-room on a month-to-month basis. Total rental income currently is R11 800 pm.