The High Street Auction Company is hosting an e-auction on June 29, 2023, for city-owned properties. This initiative aims to maximize the economic and social value of properties that are not required for municipal purposes. The e-auction will provide opportunities for residents, non-profit organizations, and businesses to acquire valuable land and contribute to the city’s social and economic growth.
Diverse Properties to Suit Your Needs
The e-auction includes 32 properties, of which 28 are vacant and four feature pre-built houses. These properties boast various sizes and zoning, including Community, Residential, and Business Residential. The majority of properties cater to residential purposes such as single houses, while others offer exciting prospects for commercial, industrial, and retail development. Non-profit organizations can also benefit from numerous community use zoned sites.
Prime Locations Across the City
The properties are located in various areas, including Durbanville, Gardens, Newlands, Goodwood, Mitchells Plain, Khayelitsha, Grassy Park, Muizenberg, and more. Green Point features a lease opportunity on Remainder Erf 1056, which includes a gymnasium, tennis courts, volleyball court, outdoor training area, indoor and outdoor swimming pools, ancillary facilities, and parking bays. The prime location of this property is perfect for organizations looking to invest.
Transparent and Accessible Bidding Process
The e-auction enables bidders to participate remotely from anywhere using a smartphone, making the process more inclusive. The city’s commitment to driving accelerated inclusive economic growth materializes through the competitive auction process that allows all interested parties to bid equitably for such opportunities.
A Win-Win Situation for the City and its Residents
This innovative approach to maximizing the value of properties not required for municipal purposes provides the private sector with home building and development opportunities, leading to private ownership and economic growth. The e-auction is a transparent and accessible process that benefits both the city and its residents.
A Different Approach for Affordable Housing Developments
The e-auction should not be confused with land parcels designated for affordable housing developments. The city takes a different approach, processing human settlement purposes through feasibility and packaging.
Don’t Miss Out on this Unique Chance to Secure a Valuable Property
For more information about the e-auction, visit www.highstreetauctions.com. Seize this opportunity to acquire a valuable property and contribute to the city’s social and economic growth.
