Clare­mart hails a suc­cess­ful 2011

Weekend Argus (Saturday Edition) - - PROPERTY -

THE PAST year has been suc­cess­ful for auc­tions, ac­cord­ing to Clare­mart Auc­tion Group sales di­rec­tor Far­rell Per­ling.

“Spe­cific pro­files of prop­erty con­tin­ued to be pop­u­lar choices for in­vestors, and there have been some ex­cep­tional high­lights,” he says.

“One of the res­i­den­tial prop­erty high­lights was the sale of one of the last va­cant sites in Clifton. The prime piece of land at 3 Vic­to­ria Road of­fered a rare op­por­tu­nity to cre­ate a sig­na­ture prop­erty in a world­class lo­ca­tion.

“The site was sold in June and was one of three sales in the Clifton node, where Clare­Mart main­tained a 100 per­cent sales record.

“Al t hough d e mand f o r va­cant agri­cul­tural land def­i­nitely took a down­ward turn dur­ing 2011 there were a num­ber of high­lights, in­clud­ing the por­tion of Meeren­dal Wine Es­tate. The 47-hectare por­tion was sold as a re­sult of a Clare­Mart auc­tion in Oc­to­ber.

“Through­out 2011 the de­mand for en­tire res­i­den­tial apart­ment blocks has been high and Clare­mart has dis­posed of sev­eral. The re­turn on in­vest­ment in this prop­erty sec­tor is rel­a­tively high and se­cure and as a re­sult res­i­den­tial blocks in the south­ern and Tyger­berg sub­urbs, At­lantic seaboard and the West Coast have been sold at auc­tion af­ter some very com­pet­i­tive bid­ding.”

Per­ling says Clare­mart sub­mit­ted a record num­ber of en­tries in its Novem­ber mul­ti­ple auc­tion.

Call 021 425 8822 or visit www.clare­

HIGH­LIGHTS: Clare­mart sales di­rec­tor Far­rell Per­ling

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