Sole Mandate
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.