South Africa’s serious property buyers are gearing up to bid for possibly the largest piece of vacant land made available for sale along the Atlantic Seaboard in Cape Town. The land, estimated at 7 546m2 and positioned close to the boundaries of Bantry Bay, Fresnaye and Clifton, has been entrusted to leading online property tender platform, Sealedbid.co.za, to bring to market. The property is available to bid on until the closing date of 21 February 2014 at 17h00.
According to Aubrey Miller, CEO of Sealedbid.co.za, an opportunity like this will not soon present itself again to savvy investors. “Vacant land of this size and location offers an exceptionally rare property investment and development opportunity. The last time the market saw a similar opportunity was almost 20 years ago, with the last possibly being the famous President Hotel in Bantry Bay.
“We have received a phenomenal amount of interest in this property from local and national developers as well as foreign investors. Property values along the Atlantic Sea Board have continued to climb despite the economic conditions and with recent sales in neighbouring Clifton selling for just short of R200 million, we are expecting to achieve an excellent sales price for this property.”
Miller says that in a digital age, the method of a sealed bid is becoming increasingly popular for property sales, as it offers multiple benefits when compared to more traditional methods of sale. “With over 20 years of experience, we understand that what sellers want is to achieve the highest value for their property with very little to no risk. Buyers on the other hand would like privacy and security. That is why Sealedbid.co.za is known for being the platform where both sellers and buyers transact with confidence.”
He says the seller is also assured of receiving the best price on a secure online platform which protects the property from negative public perception, as well as the seller’s reputation from any associated risk relating to the sales process. Buyers enjoy complete anonymity and convenience when making secure and encrypted online bids in their own space at their own time.
“The Atlantic Seaboard is a unique location that attracts not only wealthy locals, but is increasingly popular as a property investment destination for foreign buyers. Properties in the Bantry Bay, Clifton and Fresnaye areas, in particular, offer an inherent capital appreciation. Vacant land in this area is extremely rare and much sought after, and the Sealedbid.co.za team look forward to assisting our seller and buyers to achieve a successful sale,” concludes Miller.
The closing date for bids on the 7546m2 vacant land located close to the boundaries of Bantry Bay, Fresnaye and Clifton is 21 February. Visit www.sealedbid.co.za for more information.