Rough diamond in Johannesburg’s south

PROPERTY investors with an eye for “potential” will have the opportunity to bid on a beautiful, nearly completed double-storey house in Winchester Hills in the south of Johannesburg, which is set to go under the hammer tomorrow.

Acting under the instructions of a leading financial institution with special power of attorney, Park Village Auctions is to sell the 1115m² property by public auction on site.

The address is 45 Frangipani Street, Winchester Hills extension 3, Johannesburg.

The house has split levels with the upper section comprising four spacious bedrooms and a large entertainment room, says Jaco du Toit, head of the Park Village Auctions property division.

Lower level areas comprise an openplan entrance foyer, lounge, TV lounge, guest cloakroom, prayer room, guest bedroom and en suite bathroom, dining room and kitchen with scullery.

The property has three garages and staff accommodation with a bathroom and small storeroom.

“The residence is about 85% complete and represents an excellent opportunity to invest in this sought-after area,” Du Toit says.

“With a few finishing touches this face-brick gem is a diamond in the rough that can be polished and deliver good returns on investment in a short space of time.

For all auction-related information, contact Park Village Auctions on 011 789 4375 or go to www.parkvillageauctions.co.za