Park Village Auctions will soon bring to market three sectional title units in the upmarket Tinza Lifestyle Estate in Lonehill, Sandton. That’s the word from PVA’s Jaco Du Toit, who says that the sale represents a sound investment opportunity for new and seasoned investors alike.
Located at 95 Forest Drive, Lonehill, Tinza Lifestyle Estate is a well-known security complex well-positioned in the Fourways precinct. It is easily accessible via William Nicol Drive and Witkoppen Road, close to Fourways Mall and Montecasino. The complex boasts three swimming pools, a tennis court and fibre-to-the-home installed in each apartment block.
The three units in question, numbers 246; 272; and 296, comprise two single bedroom and one three-bedroom sectional title apartments, respectively.
The single bedroom apartments measure 52sqm, are on the ground floor and features an open-plan kitchen and lounge, one bedroom, one bathroom, a covered patio, an enclosed private garden, and one allocated parking bay.
The three-bedroom apartment takes the form of a ground floor simplex measuring 109sqm. It comprises an open-plan kitchen and lounge, a dining room, three bedrooms (m-e-s), a family bathroom, a covered patio, an enclosed private garden, and two allocated parking bays. The unit measures 109sqms in total.
The auction will take place on-site, commencing at 11 am from unit number 246 on Wednesday the 21st of April. Viewing will be open one hour before the auction starts.
Du Toit: “Apartments in this price bracket and locality (in an affluent area near first-class amenities) are performing well. Rentals are showing signs of full recovery in the near future, boding well for buy-to-let investors.
“First-time buyers that want to take advantage of favourable interest rates also have their eyes on executive apartments—knowing that such assets will appreciate nicely over time—be it to live in or to let.