Park Village Auctions says it’s “all systems go” for their colossal mixed-use property auction of Maboneng buildings on Monday.
Jaco du Toit says the auction house has received a flood of enquiries “from property developers and fund managers to a host of private experienced and first-time buyers”.
Here are five reasons why you should invest in Maboneng, Du Toit says:
Location, location, location
Maboneng is situated just outside of Johannesburg CBD, it is easily accessible via several main and arterial routes and public transport. Its proximity to business and retail nodes, schools and recreational amenities mean that residents enjoy convenience at every turn.
The tapestry of cultural, artistic, and trendy sites and activities beckon tourists from all over the globe.
Not only have leading investors thrown their weight behind the rejuvenation of Maboneng but the inner-city as a whole. Construction on the first building of the Jewel City redevelopment project is already underway, following Newtown’s successful gentrification.
Few residential suburbs strike a balance between chic-yet-affordable the way the Maboneng precinct does. The Drive Lines container apartments, fitted with all-recyclable material furnishings, are a prime example. They cater to the younger market’s desire for sustainable, ultra-modern living and budget.
Fittingly named the “place of light” in seSotho, the Maboneng precinct fulfills everyone’s bright lights ambitions with an endless array of entertainment – from restaurants, avant-garde art galleries and markets, to the Bioscope, guided tours, artisanal shops, and luxury hotels.
PVA’s upcoming auction will see a range of commercial, residential, sectional title units, retail shops, parking spaces, restaurants, a boutique hotel, and a rooftop entertainment area within the Maboneng precinct, as well as two KwaZulu-Natal-based commercial properties on the block.
The auction will take place at The Venue, Melrose Arch, on Monday at noon. For more information, contact Jaco Du Toit on 082-798-9476.