Dundee’s Shoprite Centre is to be auctioned Broll Auctions and Sales at the Wanderers Club, Johannesburg, on Tuesday, June 14.
Located adjacent to the busy taxi rank, the Centre has tenants that include Shoprite Checkers, OK Furniture, Shoprite Liquor, Barnetts, Pep Cell, Future Finance, Rank Take Away and Nabeel Cell & Electronics. The centre which is 99% let has a net income forecast of R2,878,824 million. The auction will take place at on at 12-noon on June 14.
Launched over a year ago, Broll Auctions and Sales has achieved over a billion Rand worth of commercial property sales at auctions. Broll Auctions and Sales has achieved in excess of a billion Rand worth of commercial property sales at auctions since it was launched on March 26 2015. The service line within the Broll Property Group specialises in commercial property auctions, tenders and private treaty sales with multiple auctions held between six and seven times annually.
“The launching of Broll Auctions and Sales last year with one of the continent’s credible brands, the Broll Property Group has enabled us to secure stock from major listed property funds and build a solid reputation within the industry, hence our success,” says Brad Stephens, managing director of Broll Auctions and Sales.
Chief executive officer, Norman Raad says having been in the auction business for over 13 years and coupled with accumulative team experience, an extensive property database as well as strong relationships between buyers and sellers has brought a huge element of trust to the auction platform. “Our ability to secure quality stock is unsurpassed, partly because we are focused on the sale of commercial property on a national scale,” says Raad