Property Moguls Eye Braamfontein: Iconic Parktonian Apartments Up for Grabs

A rare and substantial investment opportunity has emerged in Braamfontein, with Park Village Auctions (PVA) inviting offers on a significant portion of the iconic Parktonian Hotel.

Duly instructed via a Special Power of Attorney, PVA is offering a portfolio of 166 furnished, one-bedroom residential apartment units in the high-rise building at 120 De Korte Street. Director and Head Auctioneer, Clive Lazarus, say that the offer will pique the interest of “Investors looking to acquire a major holding in a proven, well-established building with long-term income potential.”

The offering comprises 166 sectional title units within the Parktonian Hotel, each featuring balconies and a seating area to enjoy spectacular city views, the furniture within each unit, and assorted furniture and fittings in the common-property areas.

“Crucially for investors, a rental pool agreement is already in place, offering an immediate income-generating structure,” says Lazarus, who also suggests, “This is well-suited for long-term private student accommodation, capitalising on the property’s ideal situation.”

The location places the property in a dynamic commercial and educational hub. It sits within easy walking distance of major corporate headquarters, academic institutions like Wits University, and key public transport hubs such as the Gautrain.

Nearby cultural attractions include the Constitution Hill Human Rights Precinct and the Apartheid Museum, with the Johannesburg Art Gallery approximately five minutes away.

Interested parties can submit written offers on the immovable property and common property furniture in one of three ways: Lot 1 (Property only), Lot 2 (Furniture only), or Lot 3 (Property and furniture combined).

All offers must be submitted to PVA no later than 14:00 on Friday, 28 November. Viewing is available by appointment. To arrange a viewing, please contact Jaco du Toit on 082 798 9476. For further details, please visit web reference 1969 at www.parkvillageauctions.co.za.