Property Flash


Pam Golding is auctioning a luxury Pretoria penthouse from the 18th until the 24th of August 2022, as it looks to benefit from the growing investment by the well-heeled in Pretoria Central and East.    

The 272 square metre, three-bedroom, three-bathroom apartment is located at Menlyn Maine Residences. 

“The definition of what constitutes a penthouse seems in a sense, to have come full circle. Today, a penthouse may not necessarily be an apartment on top of a tall building, it may even be on the ground floor,” said Tania Smit, who heads up Pam Golding Auctions.

“Originally, it referred to a shed or small building with a sloping roof attached to the main building, on the side or at the rear, and was therefore situated on the ground floor. Centuries later, it came to describe a small, setback house atop the roof of an apartment building, with a great view,” she said.

“Today, the term penthouse conjures up the vision of a spacious apartment the epitome of luxury, with unique attributes which far exceed those of other units in the building. Not only greater in size, a penthouse may have its own private lift and entrance plus security features par excellence, a large expansive patio or deck, private pool, Jacuzzi and private garden area, top tier finishes and fittings, huge windows and a great view, not to mention privacy from other residents,” she said.

The Menlyn Maine Residences penthouse can be bid for online in live time, with a guide price of R12.8m. The penthouse is situated among 5-Star hotels, retail space, restaurants, shared corporate workplaces and Sun International’s new gambling facilities.

The penthouse is currently leased until October 2023 with rental income of $4 635 per month.

Pam Golding manages online capable through a partnership with BidX1.

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