Exceptional Property Investments – Going under the hammer

Posted On Monday, 19 November 2012 08:14 Published by eProp@News
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With the end of 2012 in sight and following the unprecedented success of the auction held earlier this month where sales totalled in excess of R115 million, the High St Auction Co. is gearing up for its last, but prominent multi-property auction of the year.

Joint Managing Director, Lance Chalwin-Milton said "with the downturn in the current economic environment, auctions are fast becoming the preferred method for selling and buying distressed and non-distressed properties. This is evident in the robust property portfolio that will go under the hammer on Thursday, 29 November at Summer Place, Hyde Park, Johannesburg."

Over the last year, distressed sales accounted for only 25% of the company's auction revenues. Non-distressed property auctions are becoming a preferred method for selling and buying properties, mostly due to several distinctive benefits, which includes a quick sales cycle of approximately 4 weeks, high yielding market price and transparent terms and conditions amongst others.

In true High St Auction Co. style, the upcoming auction promises to deliver 26 exceptional commercial, retail and residential listings value at over R100 million.

Some of the prime properties that will be sold off include:

A pristine office block located in the popular suburb of Hughes, Ext 7, Jet Park, 104 Rudo Nell Street, Jet Park. This 3547m2 double storey office block is situated near to the R21 highway interchange and N12 highway within close proximity to the OR Tambo international airport. The ground floor hosts a modern fitted reception area and large open showrooms with well-appointed open & closed offices areas, a staff canteen and kitchen. The upper level consists of management offices with balconies as well as multiple partitioned offices of various sizes. These can easily be altered to suit tenant requirements. Each floor also includes well-appointed ablution facilities.

6 Midley Street, Hughes Ext 7, Boksburg is an immaculate, vacant 3770m2 warehouse/factory that is conveniently located near the R21 highway interchange and the N12 highway. This well placed property is surrounded by industrial and commercial properties and features modern ablutions and change rooms, 3 workshop offices, a 16m2 guardhouse with automated gate access and exceptional security systems.

312 Kent Avenue, Ferndale, is a well located, 4000m2 GLA four storey office block, just outside the major hub of the Randburg CBD. The 4015m2 building features ample basement level parking with living quarters and 15 storerooms ranging from 10 - 30 m2, a ground floor and four floors of office accommodation. Partially let to tenants on the 3rd and 4th floors, the location enjoys high exposure and is mere moments away from a number of popular shopping malls, including Cresta Centre and Brightwater Commons. However, like the neighbouring suburbs of Blairgowrie and Robindale, the surrounds still have enough greenery and open spaces to exude an idyllic ambience.

Situated in the prestigious area of Sandhurst (6 Morton Place), on the western side of Sandton, this functional 2144m2, double storey residential property boasts four bedrooms, 2.5 bathrooms, a double volume entrance hall, lounge, study, office, well equipped kitchen and laundry. The business district of Sandton, Rivonia and Rosebank are in close driving proximity. With an opening bid of R4 million, this distressed property represents exceptional value.

Those on the lookout for a prime business opportunity should take note of Cedar Boutique Country Guest Lodge, Bush Road, Chancliff, Krugersdorp. The lodge consists of 8 luxury double on-suite rooms, DSTV, mini-bars, air-conditioning, etc. The lodge is ideally suited for weddings and conferences and has an impressive longstanding relationship with corporate, retail and government clients. The property was well managed and well looked after, evident when you look at the finer details of this property, which include generators for power cuts, satisfied staff members, luxury furnishings, water features, a wooden deck and a fully equipped music centre.

For more information on the upcoming auction as well as a list of featured properties contact Nick Pretorius on This email address is being protected from spambots. You need JavaScript enabled to view it. or 082 669 7738 or visit www.highstreetauctions.com 

Last modified on Monday, 19 November 2012 08:22

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