Prime development land to be auctioned as part of high profile liquidation

Posted On Wednesday, 24 August 2011 02:00 Published by eProp Commercial Property news
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During March 2011, two shopping centres belonging to Immobili Retail Investments were sold before they reached the auction floor. The centres, Lonehill Shopping Centre and Bel Air Mall, were owned by controversial property moguls the Theodosiou brothers

Property-Housing-ResidentialNext month, yet another of their properties will be going under the hammer - prominently situated development land in Roodepoort. The property will be going on auction on September 28.

The property which will be brought to auction, extends over 13.0960 ha, and occupies a prime location on the corner of 14th Avenue and Davidson Street in Weltevreden Park, Roodepoort.

The property is zoned residential and is located directly adjacent to the MTN Building. With the high traffic levels experienced by 14th Avenue, the property receives excellent exposure. The property can be easily accessed via the N1 Highway, and surrounding residential and business nodes include Allen’s Nek, Northcliff and Fairland.

Comments Neville Bear of Auction Alliance, “The high visibility location of this property make it ideal as either an office or retail development, and as one of the last available tracts of development land in the area of this size, we anticipate the upcoming auction to be extremely well attended”.

The auction takes place at 12pm at the Hilton Hotel, 138 Rivonia Road Sandton.         

For more information contact Neville Bear on Tel: or Email: This email address is being protected from spambots. You need JavaScript enabled to view it. or Tel: 082 339 9933 or Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Last modified on Tuesday, 10 June 2014 10:09

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