Sole mandate
Located in the heart of Ladanna, close to shops and local businesses, this property offers excellent potential for redevelopment or a full renovation project.
The existing improvements are very old and in poor condition, needing repairs — or may possibly be best suited for demolition and redevelopment.
Currently used as a multi-tenant boarding house, the layout includes:
• Main house converted into 7 bedrooms using dry-walling, new floor tiles
• Communal kitchen area (no stove installed)
• One bathroom with bath, toilet, and basin
• Original garage converted into 2 additional bedrooms
• Fully walled property on all four sides
With its central location and solid boundary walls, this property presents an excellent opportunity for an investor or developer to rebuild or restore and unlock its full potential
The rooms are rented out on a month-to-month base and the current rental income is R13 350.00. Water and electricity are pre-paid.
The Seller is a VAT vendor and VAT is excluded from the price, if applicable. No transfer duty is payable on VAT transactions.