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Maitland flats to go under the hammer

Sharon 2Three large blocks of flats in the Maitland area are due to be auctioned off next Tuesday as part of a family portfolio disposal.

Located off Koeberg Road, near Voortrekker Road, all three blocks are conveniently located for commuters, ensuring a high retention of tenants. The blocks are easily accessible from both the M5 highway as well as Black River Parkway, which caters to the ever-increasing demand of affordable accommodation close to the CBD and other areas of employment.

The first block, Sharon Court, consists of six, two-bedroom flats, while the two remaining blocks are located on one single erven on Coronation Street. These two blocks, known as Shemax Court and Livana Court, consist of six, two-bedroom apartments and eight, two-bedroom tenanted apartments, respectively – both of which have off-street, secure parking.

“Driven by the need for safe, secure and affordable accommodation, areas further away from the CBD are benefiting from an effort by property owners and communities to uplift areas that were previously neglected,” said Elias Tzouvanni, co-director of Nexus Property Group. “The introduction of the Maitland Improvement District has already resulted in significant area upgrades, in keeping with the improvements evident in the surrounding nodes of Bellville and Parow – both of which are also in the Voortrekker Road Corridor Improvement District – which have resulted in certain areas of these CBDs having seen property prices increase by as much as 15% over the past year.

“With its central travel location to and from the city as well as other outer-lying areas such as Bellville, Parow and Century City, Maitland currently offers investors the opportunity to buy and invest in property at an affordable price with the goal of seeing consistent growth, year-on-year, taking advantage of the current area upgrades.”

The auction will be held at 125 Waterkant Street, Green Point, at 12-noon on 23 May 2017

Please contact Brendon Levin on 084 588 8852 or blevin@nexusproperty.co.za to register for the auctions or to arrange a viewing. For more information visit www.nexusproperty.co.za.


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