Liquidated Sanyati sectional title units fetches R25m at auction

Posted On Monday, 15 April 2013 02:58 Published by eProp Commercial Property News
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Sanyati Properties Ten'S 24 sectional title units in Hillcrest auctioned for R25m.

Property-Housing-ResidentialIn2assets are delighted to announce that the sale of 24 sectional title units situated at Fischer Park, Hillcrest which was auctioned on the 26 March 2013 was confirmed for the final price of R 25 250 000.00.

The properties formed part of the well- known Sanyati Properties Ten (Pty) Ltd that went into liquidation according to Hein Hattingh MD of In2assets, they have experienced fierce competition from bidders across the Country with the successful buyer at the auction winning the final bid representing a consortium of investors from KZN.

“There remains strong demand for good properties and we find it difficult to supply in the demand of our clients who are desperate to invest in real estate” says Hattingh.

Last modified on Saturday, 31 May 2014 08:59

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