Aucor Property have announced that its upcoming October multiple commercial auction to be held on October 9 at 12:00 at the Park Hyatt in Rosebank will feature a large array of properties from a diverse portfolio being sold by the Midlands Property Group.
Jonathan Aitken, Business Development Executive comments, “The Aucor Property team is bringing a portfolio of 32 properties to auction over the coming two months. The combined value of these individual lots has been estimated to be in the region of R200 million, making this one of the largest portfolio’s to hit the auction floor to date.”
Aitken continues, “Due to the sheer size of the portfolio we have had to split it over our October and November multiple auction events and have done so according to the location of the properties.
“The portfolio consists of three distinct areas, namely the Northern Portfolio which features properties located in the Johannesburg CBD in the heart of the retail district in Small and Bree streets, including the Small Street Mall, which draws some of the highest per/m2 rentals on the continent.”
“The Southern Portfolio is made up of a cluster of buildings to the south end of the CBD most of which have historical significance, including Victory House in Commissioner Street and the Meischke building situated on the corner of Harrison and Market Streets.
“The Northern and Southern portfolio’s will come under the hammer on November 12.”
“The remaining portfolio which consists of 11 lots of quality industrial and commercial space in Fordsburg as well as the OK Furniture building in Randfontein will be auctioned on October 9.” – Commercial Property News
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