Wide range of properties up for sale

BUSINESS HAVEN: The conference centre at 372 Fernandes Ave, Bredell, Kempton Park. © Unknown.
BUSINESS HAVEN: The conference centre at 372 Fernandes Ave, Bredell, Kempton Park. © Unknown.

A mix of residential, retail, office and property development opportunities characterises the upcoming Park Village multiple property auction.

The sale takes place on Tuesday, February 24, at the Wanderers Sports Club - commencing at 12 noon.

Park Village says the market is poised for a recovery courtesy of interest rates reductions, improvement in the electricity supply situation and stabilising business confidence.

Among the highlights of the sale is a conference centre complete with all necessary facilities in Kempton Park, close to OR Tambo International, perfectly suited for business executives.

A valuation of R7,2million has been placed on the property but it will have a reserve of R5,5million.

Also on offer is a riverside resort near Orkney consisting of 40 chalets and camping space on the banks of the Vaal River - opposite the Orkney Boat Club. The property features 2km of river frontage with boat jetties and numerous other improvements. Ideal for an owner/operator and currently generating an income of about R100000 per month, the property features 12ha of undeveloped land which can be sub-divided. A valuation of R12million has been placed on it but a reserve of R8million has been stipulated, says PVA's Nic Techmann.

On the retail front there's a mini shopping centre in Boksburg with 13 fully let stores generating a healthy monthly income. Zoned Business 1, the property has ample parking. PVA's Lawrence Wulfsohn has this mandate as well as three retail stores in Rouxville on Louis Botha Avenue, close to taxi ranks with walk-in trade.

For discerning investors or owner/occupiers, there are two sectional title commercial units with "A" grade office space in Bedfordview, bordering on the airport highway.

As for the entry level residential market, there is a secure apartment block in Germiston, fully let with reliable tenants.

The building was recently renovated.

There are also two stands in an exclusive country estate in Rynfield, Benoni. Ideally located 30 minutes from Johannesburg, Sandton and Pretoria, Ebotse Golf and Country Estate is close to various up-market schools, shopping centres and medical facilities.

For more information call 011-440-6797 or log on to: www.pvaproperty.co.za