Mixed-use Maboneng properties draw attention

PARK Village Auctions is gearing up for a “highly anticipated” auction in which 18 mixed-use properties in Maboneng, just outside of the Joburg CBD, will go under the hammer.

That’s the news from PVA’s Jaco du Toit, who says property fund investors and developers are leaping at the opportunity to invest in a “rapidly growing multi-cultural residential and commercial node”.

Taking place on Monday at The Venue, Melrose Arch, the auction will bring a diverse selection of prime investment properties to market. Notable lots include:

Arts on Main, 264 Fox Street, comprising eight sectional-title retail and commercial units with exclusiveuse areas and parking bays.

Hallmark House hotel, 54 Siemert Road, comprising 11 one-bedroom, two two-bedroom and one penthouse apartment; 64 hotel rooms with a reception foyer and an office; storerooms; cloakrooms; a conference centre; meeting rooms; offices; a ground-floor jazz bar and restaurant; a gym; a health spa; a coffee bar and rooftop bar and 88 parking bays.

The Main Street Life Building,

zzz286 Fox Street, comprising various street-front, retail-zoned, sectional-title units.

Revolution House, 259 Main Street, which has three residential apartments and a penthouse with exclusive-use areas and parking bays, all situated within “SS Revolution House”.

Remeds View, 306 Commissioner Street, offers two notarially-tied stands improved with a four-storey commercial building comprising 13 groundfloor

zzretail and residential units.

Market-Up, Van Beek Street, corner Albertina Sisulu Street, a commercial building.

Urban Fox, 255 Main Street, comprising three ground-floor retail commercial units and one upper-level residential apartment unit.

Artisans Lofts, 264 Albertina Sisulu Street, consists of six residential apartments, one penthouse apartment, as well as a ground floor commercial unit, all with exclusive-use parking areas within “SS Artisans Lofts Street Life”.

Du Toit says: “Astute property investors know that growing their portfolio in Maboneng is sure to yield handsome returns in the mid-to-long term.

"Judging by the back-to-back viewing appointments in the last two weeks, there will be fierce bidding at the upcoming action.”

The auction will commence noon on Monday. Viewing of properties ahead of the sale is by appointment only and can be arranged by calling Jaco du Toit at 082 798 9476.

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One of the properties that will be on offer at PVA’s auction at The Venue in Melrose Arch, Joburg, on Monday.