Peter Maskell Auctions - Looking To Invest In Property? Signal Hill & Acacia Park Residential Developments In Pietermaritzburg - LIVE BIDDING 27 October 2026
Duly instructed by the Joint Liquidators of Capital City Housing NPC (In Liquidation) Master’s Ref. No.: N000038/2022
Pietermaritzburg Property Auction - Acacia Park & Signal Hill
Peter Maskell Auctioneers presents two substantial established residential developments in Pietermaritzburg, comprising a combined 704 residential units.
The properties will be offered separately at a Live Public Auction on Tuesday, 27 October 2026 commencing at 10h00.
Each development will be offered under two mutually alternative going-concern sale scenarios:
- Social-Housing-Restricted Scenario
Governed by the separate Social-Housing Conditions of Sale and subject to the existing social-housing framework, title conditions and all applicable consents.
OR - Unrestricted Scenario
Governed by the separate Non-Social-Housing Conditions of Sale and subject to all approvals, consents, releases or variations required to remove or vary the existing social-housing restrictions.
Only one of the alternative sale scenarios for each development may ultimately be accepted and implemented.
ACACIA PARK: 106 ORIBI ROAD, PELHAM, PIETERMARITZBURG - 311 RESIDENTIAL UNITS
Acacia Park is an established high-density residential development situated in Pelham, Pietermaritzburg, with convenient access to the city, surrounding residential areas, schools, shopping facilities and transport routes.
The property comprises approximately 6.3910 hectares and accommodates 311 residential flats, comprising:
- 22 × one-bedroom units
- 272 × two-bedroom units
- 17 × three-bedroom units
The development provides an established residential rental platform with controlled access and substantial residential accommodation.
Investment Highlights
- 311 established residential units
- Diversified one-, two- and three-bedroom unit mix
- Large-scale income-producing residential property
- Established rental enterprise
- Convenient Pelham location
- Controlled access
- Internal circulation and parking
- Potential for professional rental and asset management
SIGNAL HILL: 45 NIENABER ROAD, SIGNAL HILL, PIETERMARITZBURG - 393 RESIDENTIAL UNITS
Signal Hill is a substantial established residential rental development adjoining the greater Prestbury residential area of Pietermaritzburg. The property extends to approximately 5.9210 hectares and comprises 393 residential flats within 32 double-storey residential blocks.
The unit composition comprises:
- 58 × one-bedroom units
- 324 × two-bedroom units
- 11 × three-bedroom units
The development incorporates controlled access, internal roads, parking and recreational areas and represents a substantial recurring-income residential platform.
Investment Highlights
- 393 residential units
- 32 double-storey residential blocks
- Predominantly two-bedroom accommodation
- Established rental enterprise
- Controlled access
- Internal roads and parking
- Recreational areas
- Large-scale residential investment opportunity
- Scope for professional asset and rental management, where permissible
Register and bid: bidlive.maskell.co.za
For more info contact Danielle 033-397-1190 or email reception@maskell.co.za
PETER MASKELL AUCTIONS CC NEDBANK
Account number : 1343096103
Branch : 198765
Reference : your name #CAPITALHOUSING
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