It has been a rollercoaster ride but the year is ending on a high as predicted,\u201d said Norman Raad, CEO of Broll Auctions and Sales. \u201cThe number of attendees at our auctions this year has grown with each passing event; our October sale barely had standing room \u2013 this as investors realise the incredible value that is on offer right now.\u201d<\/p>\n\n\n\n
The upcoming auction has more than 50 diverse properties from across the country and covering all asset classes going under the hammer.<\/p>\n\n\n\n
Auction Highlights<\/strong><\/h3>\n\n\n\nOn auction in Pretoria is the historic 58-room Colosseum Hotel, a landmark property with vast redevelopment potential for student accommodation, commercial enterprises, or mixed-use redevelopment. \u201cThis site offers an opportunity to reimagine a piece of Pretoria\u2019s history,\u201d Raad said.<\/p>\n\n\n\n
\n- Click here to view the Colosseum Hotel listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Brolls-Auction-and-Sales-Colosseum-hotel-Article-Image-1200x675-1-1024x768.jpg\")
<\/a><\/figure>\n\n\n\nA tenanted, stand-alone ShopRite 2 283m\u00b2 retail facility in Johannesburg\u2019s Cosmo City is located in an area that ticks all the boxes to service a successful retail operation. \u201cAssets such as these, with a prime lease and tenant covenants, rarely make it to the auction market as they are so desirable that owners tend to sell within their network. The owner of this asset wanted to offer it on the open market to unlock its true value.\u201d<\/p>\n\n\n\n
\n- Click here to view the ShopRite listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Brolls-Auction-and-Sales-Shoprite-Cosmo-City-Article-Image-1200x675-1-1024x576.jpg\")
<\/a><\/figure>\n\n\n\nStaying in Johannesburg, the Northwold Retail Centre which is in business rescue, will be auctioned in a liquidation sale. \u201cThe property has a large erf of 7400m\u00b2 with direct exposure onto Malibongwe Drive, and is looking for an investor looking to tap into its huge upside potential through redeveloping or re-tenanting the property.\u201d<\/p>\n\n\n\n
In Ballito, the last undeveloped road frontage on the R102, a corner plot in Northpoint, the North Coast\u2019s largest commercial district is up for grabs. The almost 14 000m\u00b2 plot is fully serviced and ready for development, with perimeter fencing.<\/p>\n\n\n\n
\n- Click here to view the North Point Ballito listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Brolls-Auction-and-Sales-Ballito-Land-Article-Image-1200x675-1-1024x576.jpg\")
<\/a><\/figure>\n\n\n\nHot Western Cape assets up for grabs<\/strong><\/h3>\n\n\n\nA single-tenanted A Grade office building in N1 City is on offer. With a distinct design complemented by contemporary finishes, this building prioritises safety with a number of high-end security features including a bulletproof security guard house.<\/p>\n\n\n\n
\n- Click here to view the N1 City listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Brolls-Auction-and-Sales-N1-City-Cape-Town-Article-Image-1200x675-1-1024x576.jpg\")
<\/a><\/figure>\n\n\n\n\u201cA well-maintained, 68-unit apartment block with ground floor retail units in Parow Valley, on an erf of 4000m\u00b2 is a rare opportunity for investors due to its 100% occupancy as well as the pristine condition of the building,\u201d Raad said.<\/p>\n\n\n\n
In Bellville, the SS Nassau block of apartments, with ground floor retail space, is going on auction.<\/p>\n\n\n\n
\u201cDirectly opposite a Vodacom office, opportunities like this seldom make it onto the open market, especially in Cape Town where the market is hot.\u201d The fully-let residential component has a waiting list, while the retail component has one vacant space currently under negotiation.<\/p>\n\n\n\n
Industrial assets under the hammer<\/strong><\/h3>\n\n\n\nPrime zoned land in the heart of Midrand, in Gauteng Industrial Park, is an exceptional opportunity for investors and developers. \u201cZoned Industrial 1, this Clayville industrial yard has various potential uses including manufacturing facilities or an industrial park.<\/p>\n\n\n\n
A commercially-zoned industrial warehouse in Glen Austin, Midrand on a site of close to two hectares is currently vacant, and perfectly positioned for manufacturing, supply chain, and fast-moving consumer goods sectors.<\/p>\n\n\n\n
Remaining in Johannesburg, an 8200m industrial warehouse in the popular Meadowdale Industrial area, with easy access to OR Tambo International Airport and highways, will be sold vacant. \u201cThis property is ideal for any owner-occupier.\u201d<\/p>\n\n\n\n
<\/a><\/figure>\n\n\n\nA tenanted, stand-alone ShopRite 2 283m\u00b2 retail facility in Johannesburg\u2019s Cosmo City is located in an area that ticks all the boxes to service a successful retail operation. \u201cAssets such as these, with a prime lease and tenant covenants, rarely make it to the auction market as they are so desirable that owners tend to sell within their network. The owner of this asset wanted to offer it on the open market to unlock its true value.\u201d<\/p>\n\n\n\n
- \n
- Click here to view the ShopRite listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<\/a><\/figure>\n\n\n\n
Staying in Johannesburg, the Northwold Retail Centre which is in business rescue, will be auctioned in a liquidation sale. \u201cThe property has a large erf of 7400m\u00b2 with direct exposure onto Malibongwe Drive, and is looking for an investor looking to tap into its huge upside potential through redeveloping or re-tenanting the property.\u201d<\/p>\n\n\n\n
In Ballito, the last undeveloped road frontage on the R102, a corner plot in Northpoint, the North Coast\u2019s largest commercial district is up for grabs. The almost 14 000m\u00b2 plot is fully serviced and ready for development, with perimeter fencing.<\/p>\n\n\n\n
- \n
- Click here to view the North Point Ballito listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<\/a><\/figure>\n\n\n\n
Hot Western Cape assets up for grabs<\/strong><\/h3>\n\n\n\n
A single-tenanted A Grade office building in N1 City is on offer. With a distinct design complemented by contemporary finishes, this building prioritises safety with a number of high-end security features including a bulletproof security guard house.<\/p>\n\n\n\n
- \n
- Click here to view the N1 City listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n<\/a><\/figure>\n\n\n\n
\u201cA well-maintained, 68-unit apartment block with ground floor retail units in Parow Valley, on an erf of 4000m\u00b2 is a rare opportunity for investors due to its 100% occupancy as well as the pristine condition of the building,\u201d Raad said.<\/p>\n\n\n\n
In Bellville, the SS Nassau block of apartments, with ground floor retail space, is going on auction.<\/p>\n\n\n\n
\u201cDirectly opposite a Vodacom office, opportunities like this seldom make it onto the open market, especially in Cape Town where the market is hot.\u201d The fully-let residential component has a waiting list, while the retail component has one vacant space currently under negotiation.<\/p>\n\n\n\n
Industrial assets under the hammer<\/strong><\/h3>\n\n\n\n
Prime zoned land in the heart of Midrand, in Gauteng Industrial Park, is an exceptional opportunity for investors and developers. \u201cZoned Industrial 1, this Clayville industrial yard has various potential uses including manufacturing facilities or an industrial park.<\/p>\n\n\n\n
A commercially-zoned industrial warehouse in Glen Austin, Midrand on a site of close to two hectares is currently vacant, and perfectly positioned for manufacturing, supply chain, and fast-moving consumer goods sectors.<\/p>\n\n\n\n
Remaining in Johannesburg, an 8200m industrial warehouse in the popular Meadowdale Industrial area, with easy access to OR Tambo International Airport and highways, will be sold vacant. \u201cThis property is ideal for any owner-occupier.\u201d<\/p>\n\n\n\n
- Click here to view the N1 City listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n
- Click here to view the North Point Ballito listing on Broll\u2019s website<\/a><\/strong><\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/11\/Brolls-Auction-and-Sales-Meadowdale-Article-Image-1200x675-1-1024x576.jpg\")
<\/a><\/figure>\n\n\n\n