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Bulawayo houses auction flops

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AN AUCTION conducted by the Mutare-based Hollands Estate Agents in Bulawayo on Friday flopped as it was characterised by a very low turnout.

MTHANDAZO NYONI
OWN CORRESPONDENT

Hollands had intended to auction more than 20 residential houses as banks moved to recover money they are owed by various companies and individuals in the city.

The auction was conducted under heavy police guard following verbal threats by the Affirmative Action Group (AAG) on Thursday to disrupt it and effect a citizens’ arrest on the auctioneers.

Out of the 23 residential stands that were up for auction, only five were bought while others had no bidders or were cancelled due to the poor turnout.

AAG national vice-president Sam Ncube said his organisation would file an application at the High Court on Monday seeking to reverse the sale of the five houses.

“Out of 23 residential houses meant to be auctioned, only five were bought and we are going to file a class action on Monday to object to the outcome of the auction,” he said.

“The sale should be nullified because the turnout was very low and the prices were also low.

“We are very excited with what happened and would like to encourage other people who might have been affected to come to us.”

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