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Liquidation of a Herman Pretorius Company Sees Claremont Property Sold on Auction

A luxurious Claremont apartment which formed part of the assets of a company in liquidation and of which the late Herman Pretorius, known for his involvement in various hedge fund investment schemes was a Director, was confirmed as sold by the ClareMart Auction Group for an inclusive R3.3million on Friday, July 19. The auction took place on-site auction on Wednesday, July 10.

ITHABA

An apartment linked to the late Herman Pretorius was sold at Intaba, Claremont, for an inclusive R3.3million by the ClareMart Auction Group on Wednesday, July 10.

“Our Group received joint instruction from the liquidators of RZT Zelpy 4005 (Pty) LTD to proceed to auction with this premier southern suburb apartment together with all of its luxurious and décor appointed contents and our Group is pleased to have been able to once again assist a high profile liquidation linked to Pretorius” says Chief Executive Officer, Jonathan Russell Smiedt.

The on-site auction held at 12 noon on Wednesday was attended by approximately fifty members of the public. “Although we are experiencing a high number of members of the public attending and registering at our auctions in general, we were certain that this particular property would achieve a similar interest to our successful and well-attended auction of Pretorius’ sea front home at Voelklip. The appeal of this upmarket southern suburb unit as well as its link to Pretorius added to an exceptionally high turn-out on the day” says Smiedt.

Unit 612 INTABA, 25 Protea Road, is located on the sixth floor of the prestigious modern apartment block. The home comprises three bedrooms with the main bedroom featuring an en-suite bathroom as well as an additional full bathroom. The unit is accessed via an entrance hall and boasts a large open plan living area with fully fitted kitchen. There is a separate dining area as well as a lounge with access to the balcony with views toward Kirstenbosch.

The unit was sold with an undercover parking bay. Intaba residents benefit from a communal gymnasium, swimming pool and 24 hour security. Intaba is a popular choice for young professionals and those who require an upmarket lock up and go space in the suburbs.

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