13 May 2013
Aucor Property has announced that 35 Ville D’Afrique Estate, a one of a kind masterpiece in the upmarket Hartbeespoort Estate will come under the hammer on 14 May 2013 at the Park Hyatt Hotel in Rosebank, Johannesburg at 12pm.
This particular lot is a liquidation sale and Aucor Property is acting on the instructions of the joint trustees and secured creditor.
Estate D’Afrique is a residential development located next to the Krokodil River, on the south-eastern side of Hartbeespoort Dam.
The property is nestled between the mountain on the eastern and northern side of the development and the Krokodil River, and the Hartbeespoort Dam bordering the western side.
Unit 35 is situated at a prime location on the waterfront with easy access via Boulevard D’Afrique, the main street moving through the Estate.
John Hislop, business development executive at Aucor Property, says this is Provence style living at its best in a secure and established estate located just 30 minutes from Fourways, Sandton and Pretoria.
The discerning buyer that purchases this exclusive property will wake up to breathtaking views and enjoy time spent around a private pool or on the water, he says.
Set on a sprawling stand, this 1 173 square metre multi-level 5 bed room home is well maintained and has exquisite finishes throughout.
It also has an entertainment area, pool, gym and sunbed room, elevator access from the garages into the kitchen and a boat house with a jetty leading onto the river.
“This home would suit a buyer looking for a large house that has all the amenities and is away from the inner city bustle,” says Hislop.
The area surrounding D’Afrique Estate is well developed and there are a multitude of facilities, shops, restaurants and quality private schools.
On 23 May, The Midtown Building located at 356 Madiba Street in the Pretoria CBD will be auctioned by High Street Auctions.
Positioned close to the Reserve bank and opposite the Munitoria, the building is a gem of an opportunity for the shrewd investor.
In 1997 the west wing of the Munitoria was completely gutted by a fire that came about due to non compliance with the South African Bureau of Standards Fire regulations.
Despite warnings from inspectors and budgeting for upgrading the fire protection plans in the building, the work was not carried out in time and the simple over-heating of a fuse in a fluorescent light bulb resulted in a massive sweeping fire that quickly ran out of control.
Fire fighters were unable to contain the fire and thousands of public records were lost and an estimated R353.4 million in damages suffered.
The fire could easily have resulted in the collapse of local government.
A derelict building naturally has a devaluating effect on an area. Various legal issues and administrative snags have delayed the reconstruction of the burnt out wing of the building for a number of years.
However, plans have finally been approved for a new R2 billion replacement building for the Tshwane Metro council.
Ground has been broken and work has begun to replace the entire Munitoria building, including the wings that were not burnt in the fire, with what Executive Mayor Kgosientso Ramokgopa hopes will be a building of iconic stature.
The contractors are Tsela Tshweu Investments - a consortium made up of Standard Bank, Nedbank, Group Five and other small ventures.
The construction of what will be the new headquarters for Tshwane Metro Council is estimated to take 3 years, and will result in significant upliftment of the midtown area, boosting local property values.
High Street Auctions have identified the inherent opportunity in the construction of the state-of-the-art new Tshwane Metro Council building and have secured attractive investment opportunities such as the Midtown Building for public auction to savvy investors looking for prime business property positioned to take advantage of the huge government investment in the area.
“With interest rates at their lowest in more than 30 years, it is the perfect landscape to build and increase your property portfolio”, says joint managing director James Dall.
He explains that keeping a sharp eye on areas positioned for growth through significant investment is a sure fire way to secure a property for a great price and bolster your portfolio as its value increases along with the area.
It's the number one rule of property investment -position, position, position, however, you need to be shrewd and get in early, he says.
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