Grab the chance for a great deal on property
Liquidations behind sale of prime real estate in Johannesburg
● WH Auctioneers brings two highly sought-after property assets to auction in prime locations. On March 12 and 14 respectively, WH will take seven A-grade office and retail units in Illovo and 17 upmarket residential apartments in Bedford Gardens to auction.
Both assets form part of liquidated estates and will hold appeal for a range of investors and end-user buyers.
“It is seldom one has the opportunity to acquire assets of this nature, especially units forming part of a liquidation,” said WH Properties executive Daniel Pelkowitz.
The Illovo Edge Building’s prime location on the corner of Fricker and Harries Roads in Illovo is an area which acts as a great central office hub. Just slightly outside of Sandton, the advantages here include easier access and less traffic. The building forms part of the Castle Crest Properties 54 (Pty) Ltd (In Liquidation) matter.
The units comprise various layouts and range in size from 187m² to 285m², and include office and retail (restaurant) space. Johannesburg’s Illovo suburb is strategically situated within the heart of the Hyde Park, Sandhurst, Inanda and Melrose.
“This area is known for its A-grade shopping centres and the highest-quality office space on the market, making it appealing for high-profile companies,” said Pelkowitz.
Units will be offered as a bulk, subject to leases, as well as individually and subject to no leases.
Mont Blanc Heights in Bedford Gardens is an upmarket nine-storey residential building consisting of 60 apartments, 17 of which WH Auctioneers has been appointed to sell.
“The entire building was renovated between 2007 and 2008, transforming these already large and roomy apartments through tasteful modern finishes and adapted features,” said Pelkowitz.
“Amenities include a large clubhouse, an incredible gym, sauna and steam rooms, three swimming pools and a great garden with putting green and volleyball court.”
The four double-storey penthouse units offer identical main finishes and features with spiral staircases in living areas providing access to exclusive rooftop gardens and patios.
More information on individual units for both properties can be accessed in full via detailed buyer’s packs.
Illovo auction date: March 12 at noon at corner Harries and Fricker Roads, Illovo, Johannesburg.
Bedford Gardens auction date: March 14 at noon at Mont Blanc Heights, Sovereign Street Bedford Gardens.
For further information contact Daniel Pelkowitz 072-360-7510 or danielp@whauctions.com