Investment opportunities
LANDMARK: TWO OPTIONS IN WELL-KNOWN ‘ORION BUILDING’
Anyone who has ever travelled on the N12 highway knows the Orion at the Albertina Sisulu Freeway R24 split.
Jaco du Toit Park Village Auctions
Parties asked to put in offers on residential lot, commerical lot, or both.
Park Village Auctions (PVA) is inviting offers on two high-income-potential investment opportunities centred on the landmark previously described as the “Orion Building” in Edenvale.
Located at 1 First Avenue, Elma Park, Edenvale, the two available lots form part of the multi-storey sectional title scheme, Elma Park, visible throughout Edenvale.
Buyers have the option to offer on a commercial lot, a residential lot, or both.
The commercial lot comprises sectional title units, numbers 1 and 2, and an adjacent parking lot. Unit 1 is situated on the ground floor and offers a combination of partially occupied shops, offices and storage space.
Unit 2, on the fi rst floor, lends itself to office or retail applications. Both units are zoned “business 2”, and combined measure 7 449m2.
Erf 257, the parking lot, comprises demarcated uncovered parking for 86 vehicles and shadenet covered parking for 34 vehicles all enclosed by a secure palisade fence with steel palisade sliding gates.
The second lot comprises 17 sectional title residential apartments within the same sectional title scheme, “SS Elma Park”.
All 17 apartments are to be sold as one lot.
The breakdown as follows:
Eight one-bedroom units comprising an open-plan lounge and kitchen, one bedroom and a bathroom.
Five two-bedroom units comprising an open-plan lounge and kitchen, two bedrooms and a bathroom.
Four three-bedroom penthouses comprising an entrance foyer, three bedrooms, an open-plan lounge-cum-dining room, a kitchen and a guest cloakroom.
The visibility of the apartment block contributed to its popularity as an aspirational cosmopolitan living space among up-andcoming professionals.
“Anyone who has ever travelled on the N12 highway knows the Orion at the Albertina Sisulu Freeway R24 split, business travellers who frequent OR Tambo International airport, especially,” says PVA’s Jaco du Toit.
The fact that the complex boarders Dunvegan, an affluent Edenvale suburb, adds to appeal of the lots.
Says du Toit: “There stands enormous income potential for the retail shops that would naturally service the some-ninety apartments above and neighbouring residents.”
Nearby attractions and amenities include the Royal Johannesburg and Kensington Golf Club, Glendower Golf Course, Greenstone Mall, Bedford Centre and Eastgate Shopping Centre.