Parts of Maboneng go under the hammer

About 20 properties in Maboneng have gone under the hammer.

It is reported that the auction affected 10% of Maboneng which itself is valued at R3 billion.

Azania Mosaka spoke to Rode & Associates property economist and valuer Erwin Rode about how to rejuvenate inner cities.

It is always difficult to resurrect a precinct like that. Your profit margins are small.

Erwin Rode, Property Economist And Valuer - Rode & Associates

The area around Maboneng, I would suggest, hasn't got a very purchasing power.

Erwin Rode, Property economist and valuer - Rode & Associates

Some of the properties that were actioned are Arts on Main; the Bioscope; 64-room hotel/apartment development Hallmark House; and parts of Drivelines’s residential container development.


Recommended

by NEWSROOM AI
Read More
Knowler Knows Consumer Talk: Is there any harm in tweaking an insurance claim?

Knowler Knows Consumer Talk: Is there any harm in tweaking an insurance claim?

Wendy Knolwer answers this and talks about how even the smallest lie can get you into trouble.

'Remember that you drive not only for yourself but for other road users'

'Remember that you drive not only for yourself but for other road users'

Masterdrive CEO Eugene Herbert shares some tips on how to ensure you drive safely this Easter weekend.

[WATCH] JMPD's Wayne Minnaar sets the record straight on the hot cross bun

[WATCH] JMPD's Wayne Minnaar sets the record straight on the hot cross bun

Azania Mosaka joins the social media craze and takes a breathalyser after eating a hot cross burn.

[LISTEN] Motoring:  How Volvo is changing the future of driving

[LISTEN] Motoring: How Volvo is changing the future of driving

Azania spoke to car manufacturer's South African managing director Greg Maruszweski.

City of Joburg secures R2 billion for redevelopment

City of Joburg secures R2 billion for redevelopment

The investment is aimed at developing functional neighbourhoods and mixed-use properties in the CBD.

Urbanologi: Joburg's very own Asian-inspired "urban garde"

Urbanologi: Joburg's very own Asian-inspired "urban garde"

Azania Mosaka had a chat with Chef Jack Coetzee from Urbanologi, Maboneng's Asian-inspired "urban garde" cuisine.

Popular articles
[WATCH] Oil riggers rescue pooch 200 kms out to sea

[WATCH] Oil riggers rescue pooch 200 kms out to sea

The workers in the Gulf of Thailand spotted the exhausted dog clinging to the pipes of the rig and managed to pull her to safety.

'Removing Ramaphosa now as ANC president would be a challenge'

'Removing Ramaphosa now as ANC president would be a challenge'

Professor Steven Friedman says no ANC president has ever been removed between conferences.

[WATCH] JMPD's Wayne Minnaar sets the record straight on the hot cross bun

[WATCH] JMPD's Wayne Minnaar sets the record straight on the hot cross bun

Azania Mosaka joins the social media craze and takes a breathalyser after eating a hot cross burn.

 What you should know before replacing a tyre

What you should know before replacing a tyre

Brent Lindeque took to social media earlier this month with a lengthy account of his experience at a Tyger Wheel & Tyre branch.

Sam Smith cancels remaining Cape Town concerts

Sam Smith cancels remaining Cape Town concerts

British singer, Sam Smith's fans in Cape Town where left disappointed after his concert was cut short due to voice strain.

Caller gives Ramaphosa a new name: Dimakatso

Caller gives Ramaphosa a new name: Dimakatso

Listeners weigh in on the president's forever 'shocked' response to situations.

[WATCH] Can eating hot cross buns leave you in trouble with the law?

[WATCH] Can eating hot cross buns leave you in trouble with the law?

Khabazela shares tweets and Facebook posts that have gone viral.

'I just messed up one line, why is it news?' Darren responds to anthem backlash

'I just messed up one line, why is it news?' Darren responds to anthem backlash

Eusebius McKaiser speaks to Kurt Darren about forgetting the South African anthem's lyrics.

 Neglected infrastructure could be cause of Durban Golden Mile washing away

Neglected infrastructure could be cause of Durban Golden Mile washing away

Independent environment journalist Tony Carnie says pumps that transport sand along the beach appear to have been not maintained.