Unfinished Estates Offer High-Yield Opportunities in Gauteng
Property investors and developers are set to unlock significant value as Park Village Auctions presents a rare, high-yield opportunity to acquire 14 partially completed dwellings across Gauteng’s premier growth corridors.
The portfolio, which stems from Magogudi Construction CC (Under Curatorship), offers strategic entry into high-demand sub-markets from Roodepoort to Krugersdorp, Bryanston, Midrand, and Centurion.
Completing these structures allows investors to shield against building material inflation while expanding portfolios with strong rental yield or immediate resale potential, says Park Village Auctions (PVA) Director Clive Lazarus. He adds, “Buyers benefit from faster time-to-market and reduced construction risk because zoning, bulk infrastructure, and estate security are already established.”
By making the property available via a timed online auction format, bidders enjoy time to park a bid while doing their homework to determine a fair price for these big-ticket items and adjust their offers before the bids close.
Opening lots comprise eight half-built residential dwellings on stands measuring approximately 380 square metres within Strubens Ridge Estate, situated at 2 Wilhelmina Avenue, Allens Nek, Roodepoort (Web Reference 2372). The estate offers scenic views over the surrounding landscape.
In Radiokop, Roodepoort, two partially constructed dwellings measuring approximately 450 square metres each are available at Mayers Estate, located at 1001 Bassoon Avenue (Web Reference 2373).
Next is a half-built residential dwelling measuring 960 square metres in Featherbrooke Estate, Krugersdorp (Web Reference 2374). Located below Roodekraans Ridge, adjacent to the Walter Sisulu National Botanical Garden and Crocodile River, the home offers panoramic views.
In Bryanston, a three-storey home measuring 962 square metres is approximately 65 per cent complete within a secure estate at 30b Devonshire Avenue (Web Reference 2375).
A double-storey home offering 30 per cent construction completion on Erf 334, measuring 641 square metres, is available in Carlswald North Lifestyle Estate on Tamboti Road in Midrand (Web Reference 2376).
The final offering comprises a partially built three-storey house, currently 35 per cent complete, on a 1 200-square-metre stand at Erf 1144 Ballybunion Place within Copperleaf Golf and Country Estate, Centurion (Web Reference 2377). Building plans are available on request for this property located on the 11th fairway.
The timed online auction opens at 10:00 on Monday, 9 November, and closes with real-time bidding at 10:00 on Thursday, 12 November. Property viewings are strictly by appointment; contact Debbie Scholes on 011 789 4375 or email auctions@parkvillage.co.za.
For full details and registration, visit www.parkvillageauctions.co.za.