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Live Auction of Elephant Leisure Resort (In Liquidation) on ±210.3 Ha in Citrusdal - South Africa

Live Auction, Started: 9 May 2014 2:00 AM PST

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By order of CK Trust. Master Ref 9937/2013
Live Auction in South Africa of Elephant Leisure Resort in Citrusdal of ±210.3 HA large farmland. Auction is inclusive of furniture and appliances; Printers, Computers, Fridges, Microwaves and TV's
Elephant leisure resort in Citrusdal

General description

The subject property is a quaint holiday resort and clubhouse comprising of 10 accommodation units (single and double bedroom) as well as ancillary resort features including a conference room, swimming pool and staff quarters etc. The resort is located on the Koornlandskloof Farm Remaining Extent, within the farming & holiday town of Citrusdal, whilst the Olifants River runs through the Eastern region of the farm. Suitable for golf or leisure development and offers endless possibilities.


The resort is situated on Koornlandskloof Farm, "The Baths Road" off R303 Regional Road, Citrusdal.

For locality of the property,click here

Executive summary
  • Koornlandskloof Farm 490 portion 0 (remaining extent) Clanwilliam Road
  • Koornlandskloof Farm, R303 Regional Road, Citrusdal
  • Erf measuring: ±210.3 HA
  • Zoning: Resort

  • Auction notes:
    This sale may be subject to Transfer Duty
    Notice to purchasers:
    Buyers premium: 6%   Deposit of 10% and Buyer's Premium of 6% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
    VAT/Tax: 14%
    Inspection details: Viewing: By appointment only
    Payment type: Wire Transfer
    Additional notes: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
    The Bidders attention is drawn to the following:
    • The Rules of Auction can be found under the downloadable documents tab
    • The property will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the property prior to the auction.
    • The Sale of the Property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
    The Sale by auction is subject to
    • A reserve or upset price
    • All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
    • R10 000 refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
    • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
    • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price
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    Currency: South Africa Rand
    Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
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    Event Information
    Location: Koornlandskloof Farm, R303 Regional Road, Citrusdal
    Started: 9 May 2014 2:00 AM PST

    Contact Details
    Contact: Casper Rossouw
    Telephone: +27 (0)82 459 8877
    Telephone 2: +27 (0)21 702 3206
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