Property Auction

Gupta’s Saxonwold home rakes in R2.6 million on Auction

Described to be the most high profile auction event of the year, one of the properties in the affluent leafy suburb of Saxonwold in Johannesburg, belonging to the controversial Gupta family was sold for R2.6 million on Monday morning.

Property Auction Market resilient despite economy turmoil

This was a tough year for South African real estate, but resilience prevails across various sectors of the property auction market.

Aucor rakes in R86.5m for vacant Foreshore property on Auction

Aucor has announced that following the stand alone auction of the last open piece of land owned by the City of Cape Town in Lower Long Street on the Foreshore, the property has been sold subject to approval by the City of Cape Town.

Radovan Krejcir’s properties sold on Auction

A four-storey designer mansion in the heart of Bedfordview belonging to Czech fugitive Radovan Krejcir, was sold at an auction on Saturday morning, while his Vaal home was also auctioned the same day.

Lucrative industrial portfolio in excellent location to hit the auction floor

Spanning a mere few hundred hectares in the south of Johannesburg lies a unique industrial node called “Nancefield Industrial” with its very own municipal supply of gas, and excellent north-south and east-west access from the Golden Highway, N12 and N1.

Investors snaps up Germiston properties at Auction Inc’s auction event

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 multiproperty sale on Wednesday

Commercial Property Portfolio to be auctioned in July

Auction Inc. today announced that its multiple auction event will be held in Johannesburg on the 3rd of July at the Houghton Golf Club and will begin at 12h00 on the day.

Julius Malema’s farm fetches R2.5-million on Auction

The 140-hectare cabbage and tomato farm belonging to former ANC Youth League president Julius Malema, was sold for R2.5 million at the auction on Monday, although it is actually worth about R4 million.

Strong Industrial offering at upcoming Auction Event

Aucor Property has confirmed that its next property auction will be held on 12 March 2013 at Park Hyatt Hotel at 12h00 and will see a total of 14 properties come under the hammer on the day.

Rael Levitt admits career gone and says sorry

Former Auction Alliance boss Rael Levitt has admitted he made mistakes but did not deserve to be demonised by South Africa, it was reported on Sunday.

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