The Midrand property market is still doing relatively well - totally in keeping with most of the country in the wake of a cooling of the market, says Park Village Auctions.

The Midrand property market is still doing relatively well - totally in keeping with most of the country in the wake of a cooling of the market, says Park Village Auctions.

The company will shortly bring under the hammer a prime residential property in the area.

There is a strong underlying base to the market, courtesy of the multibillion rand Waterfall City development in conjunction with Muslim interests, which is being billed as the largest single property development in South Africa, the advent of the Gautrain and ongoing commercial and industrial development as the Pretoria-Johannesburg megacity evolves, points out PVA's Peter Havenga.

It's against this background that Park Village offers a well-secured valuable property in an exclusive smallholding area with a thatched residence comprising an open-plan kitchen, dining room, family room, four bedrooms and two bathrooms.

Other improvements include domestic quarters complete with bathroom and kitchen facilities, a log cabin, sheds and carport. The sale arises from a liquidation.

"This prime property offers an excellent opportunity for an investor, or owner, or occupier at a time when the property market in general appears to have improved prospects and where assets acquired now are likely to show good returns down the line," says Havenga.

The auction takes place on Thursday, November 20, starting at 10.30am.

Viewing is by appointment.

For more information call 011-789-4375/6/7 or check out www.parkvillageauctions.co.za