Auction update 9 flats sold in auction of insolvent estate
IN THE winding up of an insolvent estate, nine Table View flats were sold for a cumulative and inclusive R3.6 million by ClareMart Auction Group during four separate on-site auctions on October 31.
“The nine properties belonging to one estate were sold separately to different bidders in each of the four auctions,” says executive director Andrew Koch. In the first auction, Unit Two, 47 On South, in South Road, was sold for an inclusive R304 950. The 29m2 one- bedroomed apartment was sold with a parking bay.
In the second auction, three one-bedroomed units with park- ing bays in On North, North Road, were sold to one bidder for an inclusive R275 954.
“In the third auction at Kimon Square, 46 North Road, units 3 and 5 were each sold for an inclusive R390 336, unit 6 went for an inclusive R384 237 and unit 7 for an inclusive R359 100.
“All four units were sold to one bidder and they all have two bedrooms, full bathrooms and separate lounges and kitchens,” says Koch. The four properties were sold with a parking bay each. In the final auction, 209 Infinity in Coral Road was sold for an inclusive R963 642 with a basement parking bay.
GOING, GOING, GONE: A 29m2 one-bedroomed apartment in 47 On South, South Road, Table View was one of nine flats in an insolvent estate that were sold.