A 5ha development stand in Honeydew was sold and confirmed for R30m, the highest price received at the Auction Alliance multi-property auction last Wednesday, when nine properties came under the hammer.
Building sold for R29million in Auction Alliance's last multiple sale of the year
WITH demand for commercial property investments at a high, Pam Golding Commercial, a division of residential real-estate giant Pam Golding Properties, has entered the auctions market.
Twelve years ago Rael Levitt bunked university lectures to attend auctions.
A battle of words is raging between estate agents and auctioneers aboutthe relative merits of auctioning property versus conventional sales methods.
Recent decreases in interest rates have boosted SA's burgeoning auction industry.
The drop in interest rates will bolster the auction industry, says Auction Alliance chief executive Rael Levitt.
The Cape commercial property market is starting to follow the residential property market by using the auction mechanism as a first choice method of sale, says Auction Alliance CEO Rael Levitt.
Auction sales of commercial and industrial property in Cape Town seem to be following international property trends as a preferred method of sale, says Auction Alliance chief executive Rael Levitt.
Auction sales of commercial and industrial property in Gauteng are following international trends, according to Auction Alliance Chief Executive Rael Levitt.
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