The building, which is currently 90% complete, is situated at 52 Strand Street in Woodstock and consists of 72 apartments, including 118 underground and secure parking bays. Construction of the building was halted due to cash flow issues which Bestvest encountered. Aucor South have been instructed by the Joint Liquidators, Sanek Trust, to take this property to auction.

Comments Martin Dibowitz of Aucor, ''This property presents an excellent opportunity for an individual / consortium who is seeking a near completed property in an up and coming area of Cape Town. The building will be sold with all plans in place.''

The building was specifically designed for the purposes of a sectional title apartment development with underground parking, reception area, 5 levels of apartments, with the top floor being utilised for a pool and running track.

The auction will take place on site at 52 Strand Street, Woodstock on Thursday 11 April 2013 at 12:00.

Viewing is by appointment with the Auctioneers only.

Click to download Bidder's PacK