Prime Illovo Apartment Block Beckons Investors

A well-maintained apartment block—North Atherstone—situated in the heart of Illovo, Sandton, is coming to auction via Park Village Auctions (PVA) on 19 March.

That’s the word from PVA’s Roy Lazarus, who says that the property sale represents a significant entry into one of Johannesburg’s most resilient residential nodes.

“This apartment block promises reliable returns and long-term growth potential in a highly sought-after area,” says PVA’s Roy Lazarus. “North Atherstone is a notably well-run building, making it an attractive turnkey acquisition for investors looking to bolster their residential portfolios with quality stock.”

Located at 11 North Street, North Atherstone comprises 23 fully tenanted apartments that offer immediate income generation and established rental stability. Spanning a total land area of 2,858 square metres, the complex includes secure underground parking for tenants, 24-hour manned security, and well-maintained communal gardens.

The building occupies a premium position across from the Wanderers Golf Course. It sits within walking distance of Thrupps Centre and Woolworths, with convenient proximity to the Gautrain station, Melrose Arch, and Rosebank.

Fierce bidding is anticipated as the simulcast auction (onsite and live, online) commences from the Wanderers Club on Thursday, 19 March at 11 am.

Prospective buyers can view the property by appointment by contacting Debbie on 011 789 4375 or Jaco Du Toit on 082 798 9476 via email at auctions@parkvillage.co.za. For full details and registration, visit www.parkvillageauctions.co.za, web reference number 2109.