Sole mandate
This property is located in one of Polokwane’s 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. The Seller is a VAT vendor and VAT is excluded from the price, if applicable. No transfer duty is payable on VAT transactions.