Monumental Multi-Property Auction in Free State Set For Month-End

Park Village Auctions (PVA) has announced a colossal auction that will see 19 Free State properties go under the hammer in a single evening. This mammoth auction falls under the auspices of PVA’s Bloemfontein branch, with Juan Maree at the helm.

The array of residential, commercial, and investment properties, stemming from liquidations to deceased estates, is expected to draw strong interest from a broad cross-section of buyers. Maree: “We have strategically pooled these assets together for a simulcast online and onsite auction to allow property investors from across the spectrum to derive maximum value for their portfolios.

“Diversification is considered a fundamental principle in property investment. In this case, we are presenting discerning property buyers with a range of property types fit for various market segment price points and tenant demographics, enabling a mix of income streams and risk profiles.”

Developers, investors and homeowners alike will go head-to-head as the simulcast proceedings commence from Windmill Casino, Jan Pierewiet Road, Bloemfontein, on Friday, 27 June at 6 pm.

Highlighted fixed assets lots “offering exceptional opportunities” include:

• Red Rock Estate, situated on portion 37 of the farm Musket 2718, measuring 31,7797 ha. It is described as a “great” development opportunity next to woodland hills.
• Portion 1 of holding 41 and portion 2 of holding 41, measuring 2,1431 ha. They are described as a large warehouse facility and offices, ideally located close to N8, and dubbed “a dream for logistics.”
• Portion 1 of ERF 57, known as the “Beljac Building”, measuring 628 sqm. It is described as being primed for development as an apartment block offering centrality to residents and a high potential for rental income to owners.

Viewing is to be arranged by appointment by contacting Juan Maree at 076 317 9955 or 051 430 2300. To learn more about these and the remaining 16 properties, please visit web listing reference number 1857 at www.parkvillageauctions.co.za.

ENDS