Kyalami Rack Track to be auctioned on Thursday
Will it remain a track or will it be bulldozed? This is the question on many racing enthusiasts' lips as Kyalami Race Track goes under the hammer on Thursday.
This week, the South Gauteng High Court gave the green light for the auction to take place after 11 applicants, who contended they had rights to the track, applied to have the auction halted.
The track's holding company, Farm Bothasfontein, was liquidated earlier this year.
The auction will be the biggest 'no reserve' sale held by High Street Auctions.
Read the full story on www.iolproperty.co.za.
Source: IOLProperty
Related
High Street Auctions: Signs point to post-election real estate recovery 5 Jun 2024 Property sector will rebound after elections 27 May 2024 #SARBMPC: High Street Auctions director cites challenges for property sector revival 28 Mar 2024 South African investors eye petrol-station real estate amid fuel-consumption surge 23 Oct 2023 Virgin Active's R3.7m Green Point lease signed, sealed, delivered 7 Sep 2023 How office technology investments can help landlords stay competitive 22 May 2023
