Five Sectional Title Apartments On Auction In Midrand
Park Village Auctions has been instructed to auction five sectional title residential apartments from three secure housing complexes in Midrand on Wednesday the 31st of October.
That’s the word from PVA’s Jaco Du Toit who says that the upcoming sales represent an excellent opportunity for investment buyers.
Midrand has enjoyed exponential growth over the last two decades and, with that, the demand for both residential and commercial property has boomed.
Says Jaco du Toit: “As more businesses are establishing offices in Midrand (due to its centrality between Johannesburg and Pretoria), hordes of young professionals are following suite trying to find suitable rental options and starter-homes. I have no doubt that these apartments will sell fast as they each represent an excellent investment opportunity –especially for those purchasers who aim to lease and first-time buyers.”
The auction run will commence at 11 am with the sale of unit numbers 141 and 341 of “Hill of Good Hope II” located on Springfield Road in Errand Gardens, Midrand.
Both units are upper-level apartments featuring an open-plan kitchen and lounge, two bedrooms, a family bathroom, and a small balcony with one allocated shade-covered parking space. The units measure 74sqm’s and 26sqm’s respectively.
Hill of Good Hope II complex amenities include a swimming pool, a tennis court, and communal braai facilities.
Following directly after that at 12:30 pm, a large family townhouse located in the “Hill of Good Hope I” on Springfield road will go under the hammer.
The residence in question –unit number 147– comprises, on the lower level, an entrance foyer and passage, a guest cloakroom, an open-plan lounge, dining room, and kitchen. The lounge leads to a patio that opens onto a private walled garden. The upper level comprises three bedrooms, two bathrooms (one en-suite) and a balcony. The unit further includes a double garage and measures 359sqm’s in total.
Finally, at 2 pm, two units located in “Phoenix Regent Estate II” on Platberg Street in Noordwyk Ext 97 make up the last lots on the block. Both apartments are located on the first floor and comprise an open-plan kitchen and lounge, two bedrooms, a family bathroom, small balcony and have one allocated shaded parking space each. The units, numbered 317 and 320, measure 74 sqm’s and 76 sqm’s respectively.
Phoenix Regent Estate also features a swimming pool, a tennis court and communal braai facilities.
The properties can be viewed one-hour before the start of each respective auction. Interested parties who would like to find more information can call Park Village Auctions on 087 160 052