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.

Sanyati Properties Ten'S 24 sectional title units in Hillcrest auctioned for R25m.

The Greek island on auction in Sandton on Thursday fetched R34m, although it is still subject to seven days’ confirmation and two other potential buyers are keen on putting in offers, according to the auctioneer Auction Avenue.

With demand driving up the prices, Auction Exchange offers property developers and buyers the opportunity to snatch up a clear residential development gem at its next auction to be held on the 25th of April 2013.

When a property is purchased on auction, and that property has an existing lease agreement in place, the tenant’s tenure is secure under the “huur gaat voor koop” law. 

Aucor April Auction event headlined by a strong retail offering located in Witbank from listed fund, Growthpoint.

Monday, 18 February 2013 12:53

Auctions lead commercial property sales

Property auctions are on the increase due to the fact that the price of property achieved at auctions is a real-time and true barometer of current market values.

Auction platform benefitting from the size and success of the commercial property market in SA

Amongst the diverse portfolio of properties to come under the hammer on the day is an income producing tenanted office building situated in the heart of Bedfordview 

The property market in South Africa remains a good barometer for the country’s economic well being and as 2012 draws to a close James Dall the Joint MD from The High Street Auction Co. is watching the market with keen interest.

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