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By unknown | May 07, 2010 | COMMENTS [ 0 ]

THE highlight of Aucor's next multi-property auction is a range of properties in Witbank (eMalahleni).

THE highlight of Aucor's next multi-property auction is a range of properties in Witbank (eMalahleni).

Several opportunities are available to investors, all of which promise a combination of fair market-related prices and excellent returns. According to Aucor's director of property, Paul Winterstein, economic progress has been strong and the area is acknowledged as the fourth biggest growth point in South Africa.

As the energy centre of South Africa, it is the focal point of Africa's largest coalfields, power stations and steel manufacturing.

Winterstein explains that the region's current standing as a leading economic centre will be bolstered in the next few years by major infrastructural developments such as several mining endeavours and Kusile, Eskom's new power plant - an R80billion project set to last until 2017.

It will fuel additional demand for homes in the area with some 15000 new employees expected to relocate to the area. Two additional power stations have been planned.

Winterstein says the River Crescent Mall and Arcade is located within Modelpark, with direct exposure and access to Mandela Drive.

The centre houses blue-chip national tenants and multinational franchises. Comprising over 27000m², it is home to the likes of Waltons, Rochester, Wetherlys, Osiers, Hi-fi Corporation, Tile Africa, Mica, Planet Fitness Mega and Mega Friendly. With a current income of approximately R20million per annum, it offers an exciting investment opportunity with exceptional growth upside.

The next option is Corridor Hill, comprising 19 vacant stands ranging from 1955m² to 6600m², zoned as Residential 3 - 4, Hotel and Special. A large-scale development is also at an advanced stage on neighbouring stands. Lahleni Lakes Golf Estate and residential development comprises 1130 hectares of prime real estate. Located in close proximity to the Witbank CBD, Highveld Mall, River Crescent Mall and with easy access to the N4, the estate will have direct access from Mandela Drive. It also boasts an Ernie Els- designed golf course.

Lastly, several units will be sold in Platinum View, a residential complex. It comprises 33 fully let two- bedroom apartments.

Located within 1km of the CBD and accessed from Mandela Drive, the units are close to the major commercial, educational and retail centres.

The properties are among a number of commercial and industrial offerings that will be sold by Aucor at its next multi-property auction, taking place on Thursday May 20 at 12 noon at the Inanda Club, Forrest Road, Sandton.

l For more information, call Grant Stockdale on 082-850-5175. Details on other properties on auction can be found on or call 0861-28-28-46.


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