“Send me” were the words of our new President Ramaphosa, echoed across the country as a call to action.
We are indeed moving in interesting times with the promise of a new stimulated economy and a governance path which can only strengthen local markets and initiate international interest.
Property owners in the Cape in particular still have high demand levels for their fixed assets in the region, which is reflected in our attendances and sales results at auctions across the entire property market.
While commercial and industrial properties are always in high demand, by owner-occupiers and investors alike, we have seen a marked increase in the interest at our residential on site auctions. Buyers are advised not to miss these events which offer excellent opportunities in a wide range of areas and properties.
Of course we also submit several well-located residential properties to our monthly multiple property auction, at the One&Only Hotel, yet another opportunity to participate in this unique auction process of over 50 properties in one sitting every month.
Sellers are advised not to miss exposure of their property to our extensive and active database of buyers. It is simply the best place to sell at your price, for cash, with no strings attached.
Recent sales results over the last 10 days included some large disposals for clients looking for the best cash offer in the market:
1. 129 Voortrekker Road, Parow – an entire tenanted investment block with high exposure
SOLD FOR R20 502 000
2. 1 & 3 van der Horst Avenue, Kommetjie – a prime beachfront site with development upside
SOLD FOR R7 352 000
3. Leyden House, Cape Town – several sections within this landmark building on Bree St
SOLD FOR R4 845 900
4. 57 Strand Road, Bellville – an entire apartment block with 18 apartments
SOLD FOR R6 469 100
We were delighted to see our auction mechanism match the perfect buyer with each seller and produce the required results for both buyers and sellers. It has been proven time and again that selling on auction is securing the best cash price.
We continue to be consulted by banks and government departments on their auction and sale requirements throughout South Africa and this month completed another repossessed vehicle auction for ABSA at their Milnerton Trade Centre with R5 million raised to clear the auction floor.
Council properties across the Western Cape will be submitted to various auctions over the next month including development properties and most notably a 4th Beach Clifton bungalow which will be sold at the March 27th multiple auction.
We continue to advise buyers and sellers alike to take advantage of the buoyant property market with some of the best opportunities represented at auction. In many cases legal instruction properties and bank assets will only be available on our auction floors.
Whether you are selling or buying, our agents are available to provide their expertise and professional service to assist in continuing to deliver the finest service to all our clients.
See you on the auction floor.