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
[WATCH] Glimpse of Simon & Garfunkel Songbook performance

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

Make sure you don't miss the Simon & Garfunkel Songbook national tour taking place in Johannesburg, Cape Town and Sasolburg.

[LISTEN]  Craig Urbani talks Rocky Horror and playing Frank-N-Furter

[LISTEN] Craig Urbani talks Rocky Horror and playing Frank-N-Furter

The actor and singer joined Azania Mosaka in studio for this week's Friday Profile.

[LISTEN] Facebook group provides support for parents raising teens

[LISTEN] Facebook group provides support for parents raising teens

Azania Mosaka spoke to admin and media consultant of the page Vanessa Raphaely.

Are power ships a sustainable solution to SA's electricity crisis?

Are power ships a sustainable solution to SA's electricity crisis?

Azania Mosaka speaks to Energize editor Roger Lilley to get his insights on this and whether it is a sustainable alternative.

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
 'When languages are being let go of in favour of English, we lose identity'

'When languages are being let go of in favour of English, we lose identity'

Joanne Joseph spoke to Play Africa founder and CEO Gretchen Wilson-Prangley on International Language Day.

'There is a stated commitment to deal with TRC cases but it's taking too long'

'There is a stated commitment to deal with TRC cases but it's taking too long'

Former commissioner Yasmin Sooka says it has been a 16-year battle trying to get the NPA to prosecute TRC-related cases.

We have invested heavily in driver and passenger safety - Uber

We have invested heavily in driver and passenger safety - Uber

Uber Sub-Saharan Africa general manager Alon Lit says their prices have not changed drastically since 2013.

 Tegeta's R3.7-billion coal supply contract with Eskom set aside

Tegeta's R3.7-billion coal supply contract with Eskom set aside

SIU spokesperson Kaizer Kganyago says the court has given the unit the green light to institute legal action against the company.

Protesters torch two suspected drug dens in Parow over Tazne van Wyk killing

Protesters torch two suspected drug dens in Parow over Tazne van Wyk killing

Eyewitness News reporter Lizelle Persens gives an update from the protest in Parow.

[LISTEN]  Craig Urbani talks Rocky Horror and playing Frank-N-Furter

[LISTEN] Craig Urbani talks Rocky Horror and playing Frank-N-Furter

The actor and singer joined Azania Mosaka in studio for this week's Friday Profile.

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

[WATCH] Glimpse of Simon & Garfunkel Songbook performance

Make sure you don't miss the Simon & Garfunkel Songbook national tour taking place in Johannesburg, Cape Town and Sasolburg.

Azania, Bongani queue for new model flip phone

Azania, Bongani queue for new model flip phone

PARTNER CONTENT: Samsung's new Galaxy Z Flip has South Africa, and our presenters, abuzz - and it launched in SA today!

Jacob Zuma is coming back to Mzansi, supporters told to gather at OR Tambo

Jacob Zuma is coming back to Mzansi, supporters told to gather at OR Tambo

Committee member of the Gauteng RET Zuma supporters Carl Niehaus says supporters must arrive before 10am.

Dudu Myeni 'unwilling to spend her money on delinquency case, feels targeted'

Dudu Myeni 'unwilling to spend her money on delinquency case, feels targeted'

Organisation Undoing Tax Abuse chief legal officer Advocate Stefanie Fick shares the latest.