Strategic Property Investments up for Auction: High Street Auctions' February 2025 Sale offers prime opportunities

The Highlights

• High Street Auctions' February 27 sale features a variety of properties, including family homes, sectional titles, and commercial/industrial opportunities.
• Insolvent properties make up a significant portion of the auction, with the TRI sector growing and attracting more attention in post-Covid-19 markets.
• Senior business rescue practitioner George Nell will speak on Business Rescue in South Africa, sharing expertise on financial recovery and stakeholder relationships.

Where strategic disposals meet market opportunity is how High Street Auctions director Greg Dart describes the company’s first auction for 2025.
 
A portfolio of properties that ranges from family homes and sectional title units and insolvent estates to residential and commercial investment opportunities as well as industrial and commercial development opportunities will come under the High Street Auctions hammer on February 27.

 
“Insolvent property will make a significant contribution to this auction. The TRI (Turnaround, Restructuring and Insolvency) sector is growing which is why High Street has increased its team to deal with this.

Post Covid-19, we are still seeing the fall out in the property market. People are looking to add liquidity to their businesses by selling properties to bolster their balance sheets,” Dart points out.

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In light of this, he says High Street has invited senior business rescue practitioner, George Nell, to talk as a precursor to the auction. Entitled Business Rescue in South Africa: Stakeholder Relationships & Their Impact on Creditors, Employees & Shareholders,  Nell will share  his significant expertise in navigating financial recovery.
 
“We are very privileged to host George as our guest speaker. His achievements and contribution to the industry are prodigious with, amongst others, having provided legal advice regarding restructuring and business turnaround in more than 1000 corporate matters over the past 31 years as a practising attorney, business rescue practitioner and liquidator!,” says Dart.
 
High Street Auction extended an invite to George as a guest speaker as part of their ongoing investment and participation in the TRI space.  High Street was also recently a joint sponsor of the SARIPA Insolvency Practice Summit. Nell is also a national board member of SARIPA, the professional body for Insolvency Practitioners and Business Rescue Practitioners.
 
Dart acknowledges that, as business rescue becomes intrinsic to economic recovery  in South Africa, High Street’s multi-property auctions are playing a key role in rapidly unlocking the true market value of property assets.  
 
Examples of properties from insolvent states that will feature in the upcoming auction include  a two bedroom family home in K’Shane Eco Estate, Madibeng which features en-suite bathrooms, an  open-plan lounge and fitted kitchen with granite countertops, and a four bedroom family home in Erasmia with three bathrooms, lounge, a kitchen, and dining room as well as a study/office, domestic accommodation, a swimming pool and more.
 
Four additional Gauteng Properties – a well-maintained three bedroom sectional title unit in Sunny Rock, Germiston, a spacious three bedroom unit in Morningside, Sandton, which is situated in the prestigious Woodburn Manor, a contemporary to bedroom unit in  The Poplar  at Broadacres, Gauteng and a charming 1 bedroom unit, also in Morningside, Sandton – contribute towards the insolvency segment of this event.
 
In providing a balanced showcase of investment opportunities across multiple regions on auction, investors on the lookout for industrial and commercial opportunities in Gauteng and KwaZulu-Natal can choose from an impressive and well located warehouse / logistics hub in Jet Park, Boksburg, a modern industrial property and warehouse in Briardene, Durban North and a 2875m² industrial facility in Jan Niemand Park, Pretoria.
 
A 1,013m² multi-use property offering ground-level retail shops and first-floor offices located opposite Sasolburg Mall, a mixed-use Residential/Retail facility in Pietermaritzburg, a prime, high visibility retail commercial building in Vasco, Cape Town, a fully tenanted A-Grade office building in Waterfall Office Park, Midrand, Gauteng, a multi-use property in Bergbron, Northcliff and a media, sound studio and event venue in Bryanston, Sandton will also draw bids at the end of this month. 
 
An entire residential complex comprising of 66 fully let units in Raslouw, with a Gross Annual Income of R8,6m, has attracted a great deal of interest with many viewings having been completed and a very active floor expected on the day.

A number of pre-auction offers on properties are already submitted and under confirmation period. 

Dart notes that “This is a good start to our auction calendar for 2025, and we anticipate robust deal flow this year.  Properties are already being booked for our following auction in March, and these will be showcased soon to the market.”

 
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