The 13-storey Sunbel building, a landmark in Cape Town’s Bellville Central Business District, is up for sale.

Ending the year on a high note, the November 2016 auction held by Broll Auctions and Sales proved a great success with a number of noteworthy sales taking place.

Ask any investor what tops their priority list for a sound commercial property investment and apart from a prime location, high visibility and high calibre of building are key factors, says Norman Raad, CEO of Broll Auctions and Sales.

During what may be described as a tumultuous 2016 to date, while trading conditions in the property auction arena have proven challenging, retail shopping centres, service stations, hotels and residential blocks have shown resilience throughout this period and are still in strong demand.

Following the uncertainty prior to the elections, the second half of the year should be much more positive for the property sector, according to Norman Raad, CEO of Broll Auctions and Sales.

Exciting opportunities arise in uncertain and difficult times, says Norman Raad, CEO of Broll Auctions and Sales.

Among others on offer at Broll Auctions and Sales next auction at 12h00 on Tuesday 2 August 2016 at the Wanderers Club in Illovo, Johannesburg, are three prime located properties in Meadowdale in Germiston, Gauteng.

30 June 2015 was the closing date for offers for the disposal of an entire precinct of commercial buildings owned by the Telkom Retirement Fund in the Pretoria CBD.

Well-positioned commercial property in outlying areas around South Africa is proving increasingly attractive to both local and international buyers who continue to find value in sustainable investments, says Norman Raad, CEO of Broll Auctions and Sales.

Following the success of the first multiple auction held by Broll Auctions and Sales, a further auction of 24 prime commercial properties in diverse locations around South Africa is to be held at noon on Tuesday 9 June 2015 at the Wanderers Club in Johannesburg.