Versatile prime properties
HOMES AND INDUSTRIAL: THESE ARE IDEAL FOR BUY-TO-LET INVESTMENTS
Two spacious homes on single property can be B&B, student accommodation.
Over two consecutive weeks, Park Village Auctions will bring to market an assortment of prime residential and industrial property investment opportunities in Gauteng.
That’s the news from PVA’s Stephen Benjamin, who will oversee the auctions. The residential property is located at 70 Tregoning Street in the upmarket suburb of Linksfield.
It will be auctioned on site on February 28 at 11am. The property is notable in that it takes the form of two spacious homes located on a single site.
According to Benjamin, this “two-for-one” auction offers “unprecedented” value for money.
He explains that the layout of the properties is such that with the correct zoning approvals, the properties could easily be rented out as townhouses, consulting rooms, student accommodation, studios or even converted into a B&B.”
Adds Benjamin: “Any of these applications would suit these
properties down to the ground which is really great from a buyto-let perspective in that it doesn’t limit investors.”
Further adding to the property’s appeal is the fact that it lies within close reach of choice primary and high schools, two large shopping complexes, a hospital and the Royal Johannesburg & Kensington Golf Club.
Both properties enjoy breath-taking views of Johannesburg and comprise a lounge, a dining room, a study or three bedrooms, a kitchen, bathroom/s, a guest toilet and staff quarters. One of the properties features a double garage whilst the other offers a covered carport suitable for three cars.
Hot on the heels of the residential auction, two industrial property investment opportunities in Alrode South will be made available.
The first property on the block is located on a corner stand at 31 Palmer Street Alrode South Ext 3. It comprises three office buildings as well as warehousing and adjoining workshops and is zoned for industrial 2 purposes.
The property measures 1 047sqm in total and has two entrances. It’s important to note that the property is currently tenanted by a long-term tenant and that the suburb is widely considered one of Johannesburg’s busiest industrial hubs. The property enjoys easy access to highways and centres and is fully secured. The second property is located at 223 Bosworth Street Alrode South Ext 1. It features two Sectional Title industrial units measuring 295sqm’s each, joined by a common wall which can be removed to make one large unit.
The units are well maintained and zoned for industrial 2 purposes making them ideal for warehousing or manufacturing. Benjamin points out that the units form part of a four unit complex on one of the busiest main roads in Alrode South and lie within close reach of highways and local industry.
He adds that one unit has an existing tenant which means investors will receive a rental income straight off the bat. In a nutshell, these units are ideal for smaller businesses starting out or for those looking for a solid industrial buy-to-let property investment.
For more information on these and other properties please call Steve Benjamin on 082 577 9737. For all auction related information, contact Park Village Auctions on 011 789 4375 or go to