PRESS RELEASE

TWO PRIME BUY-TO-LET PROPERTIES UP FOR AUCTION

Park Village Auctions will soon bring to market an entire block of flats in Illovo. That’s the news from PVA’s Nic Techmann who explains that the property represents an excellent buy-to-let opportunity.

Situated at 180 Oxford Street in Illovo, the three storey block of flats, known as ‘Stephen Hill Court’, consists of twenty three residential units comprising seven three bedroom units, fourteen two bedroom units and two bachelor units. Each unit features a lounge, a dining room, a small balcony, a kitchen and two bathrooms. The building also features ground level basement parking, store rooms, domestic accommodation, a communal swimming pool and garden. The property measures 3995sqm’s in total.

Stephen Hill Court will be auctioned on Tuesday the 22nd of November at 12pm at the Wanderer’s Club at 21 North Street in Illovo. Viewing to be arranged by appointment with Nic Techmann who can be contacted on 083 383 7366.

This auction will be followed immediately thereafter by the auction of ‘Moosa Court’ which is located at number 63, Main Street Corner, Verona Street, Rosettenville.

This three storey commercial building comprises five tenanted retail shops on the ground floor, each of which features a small kitchenette and shared staff toilets in the courtyard. The building also features ten residential units spread across the first and second floors each of which comprises an open plan lounge and dining room, a small balcony, a kitchen, two bedrooms, a bathroom and separate toilet. Four open parking bays, four single lock-up garages and a staff / security room round off this property’s offering. The property measures 1040sqm’s in total.

Viewing to be arranged by appointment with Jaco Du Toit who can be contacted on 082 798 9476.

Adds Du Toit: “Investors will have to go far to find quality buy-to-let properties such as these. Both properties are in good condition, are centrally located and, importantly, are already largely tenanted. In a nutshell, if you’re in the market for a buy-to-let property in Illovo or Rosettenville, make a note of these auctions and be sure to bid as we have little doubt these properties will stay on the market long.”

 

This block of flats in Illovo is one of two PVA will bring to market in November

 

For all auction related information, contact Park Village Auctions on (011) 789 4375 or go to www.parkvillageauctions.co.za

 

Issued by: Jackie Gray-Parker: writer.jackie@gmail.com.

For urgent editorial queries only: Please contact Deidre Jonker on 072 398 1155