Bank repossessed properties on auction – Johannesburg

One of SA’s Big 5 banks has appointed ClareMart Auction Group to dispose of approximately 90 repossessed properties, in Gauteng, the North West Province and Limpopo, including vacant land, residential homes, apartments and townhouses.

The range of property options available for investment purposes is endless and is spread over a wide geographic space across the northern provinces of SA, from a 8.4Ha farm in Brits in the North West Province, to compact 1 Bedroom lock-up-and-go units in Johannesburg in Gauteng and a development site on the Euphoria Golf Estate in Phalaborwa in Limpopo.

“We are incredibly proud of our association with the banks and look forward to a packed auction venue, where qualified cash buyers have come to rely on ClareMart Auction Group to bring them prime investment opportunities across a wide spectrum of prices and geographic locations,” said MC Du Toit, ClareMart Executive Legal Auctions Director.

Areas include Balfour, Bela Bela, Benoni, Centurion, Germinston, Hartbeespoort, Johanneburg, Randburg, Rustenburg, Soweto, Westonaria and Witbank, amongst a host of others.

Prospective bidders must remember to bring with them a certified copy of their ID and proof of residence not older than 3 months, as required by the Consumer Protection Ac t.

Don’t miss this exciting auction by the ClareMart Auction Group at MFC Auction House, Pretoria Road (M57), Witfontein on Thursday 2 March 2017 at 12h00. A 5% deposit and 4% auctioneer’s commission (including VAT on commission) will be payable on the fall of the hammer. Should the bid price amount to R50 000 or less, the full bid price will be payable on the fall of the hammer.  For more information, contact or call 071 441 2858.