The property will be sold on the basis of vacant occupation.
The development is situated on 2 stands on Abelia Street and is situated within close proximity to various amenities including several schools and shopping centres.
Primrose Hill borders Bedfordview, and is easily accessible via major and secondary routes including the N12 Van Buuren off ramp.
The property contains 5 separate structures and features a total of 51 units, with a combination of 1 and 2 bedroom apartments. The 1 bedroom apartments extend over 47m², the 2 bedroom apartments extend over 57m² and the luxury 2 bedroom apartments extend over 90m².
The 2 bedroom luxury units are situated on the top floors of units 3, 4 and 5, and are accessible by means of separate lifts.
The complex is fully enclosed with walling and ample basement and covered parking is provided. The property offers additional land extending over ±400m², with potential to develop an additional block similar to existing structures.
Comments Andres Greeff of Auction Alliance, “This prime development offers investors with a sound investment opportunity due to its prominent location within the established residential area of Primrose Hill, good quality finishes and development potential”.
The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.
