Auc­tion up­date 9 flats sold in auc­tion of in­sol­vent es­tate

Weekend Argus (Saturday Edition) - - PROPERTY -

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.

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