With growing optimism in the ever-resilient industrial property space, a number of key properties that will come under the hammer at High Street Auction Co’s final property auction for the year on November 28, 2024, offer significant opportunities for proactive investors, says High Street Auction’s director Greg Dart.
With almost R900 million in stock, he says that the event will close out a turbulent 2024 in the property sector and usher in a more positive 2025.
Luxurious Majeka House in Stellenbosch with its 21 designer rooms, pools, restaurant, bar, lush gardens and spa set against the magnificent Helderberg Mountains is just one of the iconic landmark properties that will come under the High Street Auction Co’s hammer this month.
For High Street director, Greg Dart, this couldn’t come at a better time as the hotel sector – a major driver of tourism growth – remains on a strong upward trajectory. According to Stats SA, income from accommodation was up in February 2025 compared to the same period last year with travellers showing a 15.6% increase in spend per night.
