“The property market is beginning to see growth and movement making this a favourable time to upgrade or buy your first home in 2013, before prices start to climb again. High Street Auctions is an ideal platform for both experienced and inexperienced property buyers and sellers as we pride ourselves on being property experts who guide our clients through the process,” says High Street Auctions Joint Managing Director, James Dall.

Tips for buying property on auction:

1. Do your homework. Request an investor’s pack before the auction for essential information on your chosen property.
2. View the property. Schedule a site inspection to see the property first hand and ask any relevant questions.
3. Remember the “voetstoots” clause. Under this clause you agree to buy the property with whatever defects it may have at the time of sale. Know what you are getting into before you get into it.
4. Make sure your finance is in place. Decide on the highest price you are willing to pay, build in extra for fees and commissions, and then make sure you have the funds available at the time of going to auction. Plan ahead if you need to bond the property.
5. Prove who you are. Provide your bar-coded ID, proof of residence and, in the case of property purchased in the name of a company or trust, a resolution by the members, directors or trustees giving signing powers to the bidder. Make sure you are FICA registered.
6. Put emotions aside when you bid. Remember, auction sales are final: don't go over the price you can afford no matter how badly you want the property.

Properties receiving interest ahead of the 18 September auction include:

• Prominent Edenvale office block, Senet House on Van Riebeeck Avenue, going on auction. This landmark building in the centre of Edenvale is a large stand and boasts three floors with basement parking and enjoys excellent exposure in this active business area. Offices are currently partially let. Much interest already shown and anticipate competitive bidding.
• Fully let commercial building on Pretoria Main Road in Kew, Gauteng. High exposure position with national bank tenants. The GLA is ± 5000m². Earn immediate income of ± R 1.2 million per annum. With almost all expenses being recovered this property offers strong growth potential to the fortunate bidder.
• Portfolio disposal of factory in Benrose, Gauteng. Benrose is a well-known light industrial area. Its popularity can be partly attributed to its close proximity to the Johannesburg CBD and quick and easy freeway access. The property is situated a few hundred meters from the M2. Currently vacant, this neat factory / warehouse consists of just over 3000m² of lettable space with a small component of offices. The building has ample power and boasts a full sprinkler system which runs throughout the building.
• Randburg Centre on Bram Fischer Drive in Ferndale boasting a 6 storey retail and office block. Excellent exposure with income from billboards. Partially let bringing in immediate income. Good opportunity to convert to residential.
• Default purchaser - magnificent home in Salt Rock, KwaZulu-Natal. Unbeatable sea views. This three-storey home is in a secure estate and has 4 bedrooms, 4 bathrooms, 3 garages, state of the art sound system, swimming pool and a self-contained flatlet.

High Street Auctions Joint Managing Director, Lance Chalwin-Milton says, “We see ourselves as entrepreneurs who have re-devised the auction platform by creating a new business model altogether which serves the needs of buyers and sellers.”

The auction on Wednesday 18 September begins at 12pm and takes place Summer Place, 69 Melville Road, Hyde Park. Well-known auctioneer and Director of High Street Auctions, Joff van Reenen, will conduct the auction.

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