Nedbank Bank Clearance Auction

Posted On Thursday, 28 June 2012 14:15 Published by eProp Commercial Property News
Rate this item
(0 votes)

Auction Inc has been instructed by Nedbank to auction off over 70 residential properties.




The properties are evenly distributed around Gauteng and surrounds and will be auctioned off on three separate auctions.

Properties located in Mpumalanga and the Northwest will be auctioned off in Brits at 10:30. Properties located in the North and East will take place in Benoniat 12:30 and properties situated on the South and West will take place in Alberton at 14:30.

According to CEO Paul Winterstein “this auction provides first time home owners and investors alike the opportunity to acquire residential properties at rock bottom prices”.

The benefits of acquiring bank clearance properties are manifold as there are no transfer duties on transactions below R500, 000 , all outstanding taxes and levies are paid by the bank and a much lower rate of commission is applicable.The auctions will take place on the 7th of July. 

Last modified on Monday, 12 October 2015 14:43

Most Popular

Anuva Investments launch Section 12J hospitality fund with property partners Flyt Property Investment

Oct 18, 2019
Zane De Decker HR
Investment into Section 12J venture capital vehicles has seen a huge uptake over the last…

Significant shifts in the Winelands commercial sector

Oct 18, 2019
Caption Somerset West commercial
A decade of corporate semigration and decentralisation fuelled the Winelands commercial…

Property market ready for take-off as bond grants rise

Oct 18, 2019
BetterBonds Mortgage Monitor
Housing demand has continued to gain momentum since the start of the year and in the…

Equites Property Fund Interim Results

Oct 18, 2019
Andrea Taverna Turisan CEO Equites Property Fund
Equites Property Fund Limited (Equites) today announced distributable earnings for the…

Home buyers benefit from higher home loan approval rates and more affordable property prices

Oct 18, 2019
Rhys DyerCEO
Despite weak economic fundamentals resulting in negative real house price growth, the…

Please publish modules in offcanvas position.