Fantastic mixed-use property in Knysna sells for a buoyant R10.3 million

South Africa's leading asset sales and services company, the Alliance Group,
has just concluded the auction and sale of a highly sought-after commercial
development on the Garden Route. The property, located on 70 Main Road,
Knysna, is a unique blend of residential and business amenities with a
desirable central situation and close proximity to the lagoon.

This was a historic sale, as Brad Stephens from the Alliance Group's legal
division observes: "This auction was the first large commercial property
liquidation in the Garden Route in the last year, which brought back
memories of the Golden Years". The auction was preceded by a national
marketing campaign which attracted huge interest from across the country.

In a thrilling, packed auction held on-site on 7 May 2008, this 2382m2 site
was eagerly chased by four bidders who quickly raised its value from R8
million and climbed from there. It was finally knocked down at R10.3 million
to a developer. "The price achieved was a great result for the liquidators
and the creditors. It proves that a carefully planned marketing campaign and
expert asset advice leads directly to competitive bidding and top prices,"
notes Brad Stephens.

Stephens continues to say that: "The auction proved that even in a property
market that has softened, sought-after commercial development opportunities
remain in high demand and our auctions are able to achieve top prices".
Loading comments
More news articles
Guidelines to securing a home loan
29 May 2018
Many young South Africans are working hard to achieve their dream of purchasing their first home. However, the process can be challenging due to the daunting application process, which can take up to 2 years and is often enough to discourage prospective buyers.
read more
Things you should consider before upgrading to a new home
23 Apr 2018
The thing about the property ladder is that at some point in our lives we all have reason to want to climb a rung or two higher. Sometimes, it’s because we’ve outgrown our previous dream home, or because we want to be in a better neighbourhood that’s closer to work or to schools. Sometimes it’s because our circumstances have changed, and we’re taking care of elderly parents or relatives. Sometimes, it’s just because we want a property that reflects the financial status our hard work has won.
read more