Telecommunications company, Telkom, has raised more than R60-million at auction with the sale of 45 unused properties from across the country before Christmas last year.
Public interest was at fever pitch when a long-standing arrangement with the leading auctioneering house, Liquidity Services, saw these properties come under the hammer attracting record numbers of views, registrations and bids for the properties. The auction was held online on the AllSurplus Marketplace giving interested buyers from across the country an opportunity to take part in the sale from the comfort of their homes.
Bidders’ interests were duly rewarded throughout the duration of the auction with several properties selling at bargain prices while others in sought after areas fetched between two and
three times the reserve price set by the auctioneers.
Liquidity Services Account Executive & Award-Winning Property Expert, Kim Faclier says interest in the auction was overwhelming with over 2000 bids received for the properties. The properties sold included commercial and industrial buildings, vacant even and agricultural land in various locations across the country.
Highlights included:
. Wynberg – Reserve R3,5 million – price obtained R6,750 million
. Stellenbosch – Reserve R3,8 million – price obtained R6,3 million
. Marburg – Reserve R4,9 million – price obtained R13,6 million
Liquidity Services has aided Telkom to dispose of its surplus assets for the last ten years and has already sold 197 properties during this time with gross values approaching R750 million.
