Cape land sale creating buzz

SIXTY City of Cape Town-owned land parcels will be going under the High Street Auctions hammer in a virtual sale on June 30 at noon.

The City of Cape Town’s 2021 inaugural virtual land auction comprises vacant erfs from Atlantis to Brackenfell, Mitchells Plain to Macassar. A stand-out offering is one of the last vacant commercial sites in Century City – a 2.5-hectare N1 fronted lot ideal for a corporate headquarters development.

“The auction is the first in a series of land sales High Street Auctions will be conducting on behalf of the City of Cape Town in the months to come, and buyer interest is far exceeding expectations,” says Joff van Reenen, director and lead auctioneer.

“Most buyers are focused on Century City, the development sites released in the northern suburbs and the industrial sites in the Atlantis Special Economic Zone (SEZ).

“The City is releasing nine industrial land parcels in Atlantis, where developers are being incentivised at all levels of government to invest in infrastructure growth and job creation in a region that has been earmarked as an epicentre of green tech activity.

“These development sites vary in size to suit business ventures big and small and being within an SEZ means processes to facilitate establishing new ventures within the area are streamlined.”

The commercial lot drawing the most national interest from corporates, though, is one of the last and largest office development sites within the Century City lifestyle precinct.

Bids are being accepted via phone, Zoom and the High Street app, which is free to download from Google Play and the App Store. The auction will be live-streamed on www.highstreetauctions. com and staff will be on hand to help buyers place their bids.

For more, visit www.highstreetauctions.com. | Auctions Writer