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Date: 15/08/2018     Park Village Auctioneers     Auction News


Park Village Auctions will host an auction bonanza of investment-grade properties in the bustling Pretoria North area on Monday 27 August.

Investors seeking property investments in the vibrant northern suburbs of Pretoria will have a field day choosing from a wide variety of properties including business, retail and residential properties when Park Village Auctions (PVA) puts seven properties up for auction later this month

Says PVA’s Jaco du Toit, this is a once in a lifetime opportunity to pick-and-choose the type of property you need in the Pretoria region. With properties ranging from retail shopping complexes, a commercial building with workshops and storage to a bachelor pad and residential properties with income-producing flatlets, there is bound to be a property to meet individual buyers’ requirements. Alternatively, the entire bundle may be just the opportunity property speculators are looking for to invest in multiple properties near one another for easy management purposes.

The auctions will take place on site on Monday 27 August beginning at 11am when the first to go under the hammer will be a fully tenanted retail shopping complex comprising four retail shops with on-site customer parking at 286 Ben Viljoen Street, Pretoria North (RE of erf 772, measuring 1293m²).

Next up on the exciting sequence of auctions will be a single-storey commercial building comprising two tenanted retail shops with onsite customer parking at 284 Ben Viljoen Street, Pretoria North (Portion 1 of erf 772 – measuring 1258m²). The internal walls between the larger retail shop and adjoining Units 1 & 2 SS Memory Lane (86 Gerrit Maritz Road), have been removed and together comprise a large retail shop with single tenant (to be sold separately and then together with Units 1 & 2 SS Memory Lane measuring 566m² & 600m² respectively).
The auctions will then move to an upper level bachelor residential apartment comprising open plan lounge-cum-bedroom, bathroom, balcony and secure parking. The quaint apartment measuring 45m² is situated at Unit 9 corresponding to Door Number 4, SS Memory Lane, 486 Gerrit Maritz Street, Pretoria North.

Next a single storey residential dwelling requiring some repairs and maintenance goes under the hammer. The property comprises lounge/dining room, kitchen, three bedrooms, bathroom, together with a free-standing outbuilding comprising four income producing one-bedroom flatlets. It situated at 292 Ben Viljoen Street, Pretoria North (erf 736) the property measures 1276m².

Not far away at 297 Danie Theron Street, Pretoria North the auction-train will move to a single storey residential dwelling on a spacious 2552m² stand (erf 719). This property requires repairs and maintenance and comprises a lounge/dining room, kitchen, three bedrooms and a bathroom.

Lastly the parade will move to a double storey commercial building divided into two sections, with the front section being utilized as a private school comprising a reception area, staff room, office, assembly area, class rooms and toilet facilities. The back section is a mechanical workshop comprising staff cloakrooms and the workshop floor area and is situated at 294 Ben Viljoen Street, Pretoria North (erf 1819) and measures 2552m².

Viewing is by appointment only and will take place one hour before the auction. Interested parties can contact Park Village Auctions, Jaco du Toit on 082 798 9476 or email Web reference Web reference: 118

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