R75m worth of stock sold on Auction by Aucor Property

Posted On Friday, 19 April 2013 12:24 Published by Commercial Property Auctions
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Aucor Property has today announced that its multiple commercial property auction in Johannesburg on Wednesday 17th April was as successful, with R75 million worth of stock being sold on the day.

Aucor PropertyThis feat comes on the heels of a R57 million multiple commercial auction event in Cape Town.

Mark Kleynhans, Director of Aucor Property comments, "The team at Aucor Property is extremely pleased with the results from these two auction events which were both headlined by strong commercial and retail offerings. Feedback from our clients and intensive market research by our business development team has given us insight into bringing the right stock to the auction floor. With this knowledge in hand, we actively engaged with both buyers and sellers here and in Cape Town and this approach has enabled us to have such excellent results."

Some of the properties that were sold on the day include the Growthpoint properties on Diederich Street in Witbank which fetched a combined sale price of R47 million. In addition to this, 16 Theo Kleynhans Street White River, a bustling Retail Centre on the taxi rank, was sold for R16.9 million, whilst 68 Wolmarans Street in Hillbrow fetched an offer of R5.57 million.

Kleynhans concludes, "The combined success of these two events has further entrenched Aucor Property in the last year as a key national player in the commercial, retail and industrial property sectors and has reiterated the effectiveness of the auction mechanism for selling property across the board."

Last modified on Tuesday, 25 February 2014 11:24

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