R 4 837 500 | apartment property for sale in annadale

Commercially Registered Property The property is zoned Residential Estate but currently registered as a commercial property, providing versatility for various uses such as rental flats, offices, or accommodation facilities. Potential development can consist of four well-sized flat units spread across three storeys, plus a penthouse unit. Unit Features: Large 1-bedroom layout Open-plan kitchen and living area Spacious bedroom Bathroom Well-designed, practical floor plans The units are generously sized and ideal for long-term tenants or short-term rental opportunities. Separate Family Residence Positioned at the front of the property with its own separate entrance, you will find a spacious family home offering privacy and comfort. Features include: Large living spaces Private garden Well-maintained interiors Ideal for owner-occupation while generating rental income from the units This setup makes it perfect for a live-and-earn investment model. Additional Features Borehole Water tanks Secure property layout Excellent investment flexibility Investment Highlights Commercial registration Mixed zoning Four large flat units Separate spacious family home Separate entrances Borehole & water tanks Strong rental income - R31 000 This property presents a rare opportunity to secure a multi-income generating asset in Madeira, combining commercial registration with residential functionality. Contact me today to arrange a viewing or request further financial details.