Sunday Times

Upmarket apartments in Lonehill up for sale

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Park Village Auctions (PVA) will soon bring to market three sectional title units in the upmarket Tinza Lifestyle Estate in Lonehill, Sandton.

That’s the word from PVA’s Jaco du Toit, who says the sale represents a sound investment opportunit­y for new and seasoned investors alike.

Located at 95 Forest Drive, Lonehill, the estate is a well-known security complex well positioned in the Fourways precinct. It is easily accessible via William Nicol Drive and Witkoppen Road, close to Fourways Mall and Montecasin­o.

The complex boasts three swimming pools, a tennis court and fibre-to-the-home installed in each apartment block.

The three units, numbers 246, 272 and 296, respective­ly comprise two singlebedr­oom and one three-bedroom sectional title apartments.

The single-bedroom apartments measure 52m², are on the ground floor and feature an open-plan kitchen and lounge, one bedroom, one bathroom, a covered patio, an enclosed private garden and one allocated parking bay.

The three-bedroom apartment is a ground-floor simplex measuring 109m². It has an open-plan kitchen and lounge, a dining room, three bedrooms (main-en-suite), a family bathroom, a covered patio, an enclosed private garden and two allocated parking bays.

The auction will take place on site, commencing at 11am from unit 246 on Wednesday April 26. Viewing will open one hour before the auction starts.

“Apartments in this price bracket and locality [in an affluent area near first-class amenities] are performing well. Rentals are showing signs of full recovery in the near future, boding well for buy-to-let investors,” says Du Toit.

“First-time buyers that want to take advantage of favourable interest rates also have their eyes on executive apartments — knowing that such assets will appreciate nicely over time — be it to live in or to let.”

For more informatio­n, contact Park Village Auctions on 011-789-4375, e-mail auctions@parkvillag­e.co.za, or visit www.parkvillag­eauctions.co.za under web listing 698.

 ??  ?? Three sectional title units in the Tinza Lifestyle Estate in Lonehill, Sandton, will go under PVA’s hammer on April 26.
Three sectional title units in the Tinza Lifestyle Estate in Lonehill, Sandton, will go under PVA’s hammer on April 26.

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