Sole mandate
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. The Seller is a VAT vendor and VAT is excluded from the price is applicable.