In the current economic climate, there is value in selected property acquisitions - both residential and commercial - says MC du Toit, chief executive Auctions and Sales for BidX1 South Africa, the online property trading platform staging its second sale on July 3.
“We are seeing increased confidence in the property market after the elections and there is now renewed value in good, solid investments across all sectors. The online auction method makes the entire process completely open and transparent.”
The July 3 sale will feature appealing residential and commercial properties, including undeveloped residential land of 2680m² in Bird Valley Estate at the foot of the Karkloof Mountain Range in Cramond in the KwaZulu-Natal Midlands. A haven for wildlife and birds 30km from Pietermaritzburg, the estate lies just below the second largest indigenous forest in South Africa. This property has an opening bid of R350000.
Other properties include a corporate office and warehouse with development potential in Midrand with N1 frontage (reserve price R29.5million), and Three Countries Estate Hotel in Petit, Benoni, 15km from OR Tambo International Airport (R20m).
For details of other properties available email [email protected].