An industrial park in Roodekop, which fetched R14m, and a 66-room hotel in Germiston were among the properties on offer at Auction Inc’s multi property sale.
High Street Auction's multi-auction event held on Wednesday 19 June at Summer Place, Hyde Park, achieved outstanding and competitive bidding of over R 140 million for 14 properties.
Aucor multiproperty auction is notable for the brisk bidding for five fuel stations and sites and the strong presence of women bidders who robustly contested the fuel stations on offer.
After a lackluster performance in the past four years, the South African property market is now gaining momentum.
On 20 June, five commercial properties belonging to a listed property fund will be taken to auction following a portfolio adjustment.
An 18 room student residence, situated in the heart of Stellenbosch will go under the auctioneers gavel on 20 June 2013.
Whether Julius Malema lost the property or not remains irrelevant for the property world what matters is that who ever bought Julius's house must know they have over capitalised and may never recover the monies even if they finished and resold it again.
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.

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