Auction Exchange brings to market a solid portfolio disposal of around twenty properties ranging from industrial warehouses and commercial development land, to a strip mall in Lenasia.
An industrial park in Roodekop, which fetched R14m, and a 66-room hotel in Germiston were among the properties on offer at Auction Inc’s multi property sale.
Duly instructed by the Joint Liquidators in the matter, Sanek, Aucor South will submit to tender a regional shopping centre situated in Uitenhage, following the liquidation of Evening Flame Trading 449 (Pty) Ltd.
High Street Auction's multi-auction event held on Wednesday 19 June at Summer Place, Hyde Park, achieved outstanding and competitive bidding of over R 140 million for 14 properties.
Aucor multiproperty auction is notable for the brisk bidding for five fuel stations and sites and the strong presence of women bidders who robustly contested the fuel stations on offer.
After a lackluster performance in the past four years, the South African property market is now gaining momentum.
On 20 June, five commercial properties belonging to a listed property fund will be taken to auction following a portfolio adjustment.
On 20 June a primly positioned, redevelopment opportunity, Stellenbosch property situated on the corner of Adam Tas and Bird Street will fall under the hammer.
With demand driving up the prices, Auction Exchange offers property developers and buyers the opportunity to snatch up a clear residential development gem at its next auction to be held on the 25th of April 2013.

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