2 minute read
8 Sep 2014
2:00 pm

A hole in one for investors

Park Village Auctions (PVA) is to auction a property in Roodepoort that features a large house, flatlets and a nursery school.

Located at 164 Hole In One Avenue, the property’s main house takes the form of a combination single and double storey residence.

Features include an entrance foyer and atrium with skylight, an open-plan entertainment lounge and adjoining bar room, a large lounge, a dining room and a kitchen with laundry.

The house also features a family bathroom, a covered terrace, a small patio area and four bedrooms. The main bedroom has its own dressing room and private lounge.

In addition to the main house, there is a duplex flat comprising an open-plan lounge and kitchen as well as a small bedroom with en-suite bathroom on the ground floor. The first floor features two bedrooms and a small balcony.

A simplex flat with a large lounge, kitchen, bedroom and bathroom also form part of the property. Additional features include a triple garage, domestic accommodation, a swimming pool and jacuzzi and a stand-alone co age that was in the process of being converted into a nursery school. In total, the property measures 10 711m2.

PVA’s Jaco du Toit says: “Although the property is in need of some a ention, it has numerous aspects working in its favour. It’s incredibly spacious, features quality fi xtures and fittings and has great buy-to-let potential. The fact that it is situated within such a vibrant, central node should also appeal greatly to those seeking properties of this nature. And for those interested in owning their own small nursery school, it really is ideal as half the work is already done.”

The property also has scope for subdivision. Du Toit says a subdivision into 14 separate freehold residential stands, into which the existing structures could be incorporated, has been proposed.

Info:

> 64 will be auctioned on site on September 10 at 11am.

> Contact Park Village Auctions on 011-789-4375

> Visit parkvillageauctions.co.za