Ian Wyles Auctioneers will be holding a liquidation auction of industrial property on Wednesday at 11am. The venue is the Black Rock Casino in Newcastle.

Property manager Andrew Giddy said: “This is a rare opportunity to purchase some prime industrial property, located east of the Vryheid CBD. Established uses vary from light to heavy industrial concerns as well as residences. A mixture of panel-beating and petroleum outlets are located in close proximity. All municipal essential services are available and are located a short distance from the property.

“Buyers particularly like to see properties auctioned that are instructed to us by liquidators, as buyers know these properties are there to be sold,” Giddy said.

“Buyers do not wish to waste time with properties that are either overvalued or have sellers with high reserves. Buyers at a liquidation auction know there is a genuine intention to sell on the day. The buyers will determine what the property is worth and the auction is the best way to determine the actual market-related price.”

Ian Wyles Auctioneers has been instructed to offer the properties with and without leases. This makes it attractive to both end users and investors alike as they can decide how they wish to purchase and use the properties.

The first lot is 106/108 Jan Moolman St, Vryheid, the extent being 8 166m2 and 9 092m2 respectively. The subject property comprises two erven sharing a common boundary, both zoned general industrial.

The remaining property lot is 110 Jan Moolman St, with an extent of 8 151m2 general industrial. The subject property forms part of an expansive industrial site comprising three adjoining sub-divisions.

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_ For further information, property descriptions and photos, please refer to ianwyles.co.za or call Mr Ian Wyles on 082 4903517 or Property Manager Andrew Giddy on 082 6019278.