Broadacres Apartment with Income Potential on Auction
Park Village Auctions is calling property investors to bid on a neat, sectional title apartment with revenue-generating potential in Broadacres, Sandton. That’s the word from PVA’s Johan du Toit, who says that the unit boasts many features of a profitable rental property.
The unit in question is number 8 (or section 35) of Terra Nova, a sought-after security complex located on Valley Road in Needwood Ext 7, Broadacres, Sandton. This third-floor sectional title unit comprises an open-plan kitchen and lounge-cum-dining room, two bedrooms, two bathrooms (main en-suite), a covered balcony, and includes one parking space under a carport.
Du Toit says that the unit is neat and is therefore primed for a young professional single or couple to move in without delay, “an investor can start earning income from day one, so to speak.”
A notable feature of the property is the nominal municipal rates and competitive levies. In addition, the complex offers 24-security with a manned guardhouse and access control.
Terra Nova is found just off Cedar Road—a “stone’s through” from Broadacres shopping centre. Other nearby amenities and attractions include Cedar Square, Fourways Mall, Montecasino, Dainfern Golf Estate, and Life Fourways Hospital. In addition, it offers easy access to the N1 highway and William Nicol, which leads to Sandton CBD.
“The condition, costs and location already build a compelling case as a lucrative investment,” says du Toit, “Add to this the security offered in this popular residential complex, and you find yourself with an appealing buy-to-rent investment”.
The auction will commence onsite at 11 am on Thursday the 24th of June. Viewing will take place one hour before the auction. Strict Covid-19 safety protocol will apply.
For more information visit www.parkvillage.co.za, web reference 751, or call 011 789 4375.
