UNDER THE hammer

PARK Village Auctions shortly brings to auction Macadian Mansions, a "mixed use" Krugersdorp-based property with ground floor retail outlets and two upper floors of residential apartments.

PARK Village Auctions shortly brings to auction Macadian Mansions, a "mixed use" Krugersdorp-based property with ground floor retail outlets and two upper floors of residential apartments.

PVA's Peter Havenga says the sale takes place on site at 2 Kruger Street, Luipaardsvlei, Krugersdorp, on Tuesday December 1, commencing at 11am. Viewing is by appointment.

The property, which is close to all major amenities and services, is on the southern periphery of the Krugersdorp CBD, which is experiencing steady demand for residential accommodation, Havenga points out .

The property comprises three retail shop front units as well as four one-bed, eight two-bed and two three-bed apartments, each offering a lounge, kitchen, bathroom and balcony.

"Though no formal leases are in place, this remains an income producing property capable of attracting good returns once fully let," Havenga says.

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