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Live Auction of Insolvent Estate in Touws River - South Africa #95

Live Auction, Started: 9 Apr 2015 3:00 AM PST

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Duly instructed by the liquidators representing the Insolvent Estate. Master reference number: C334/2013 & C336/2013
Live auction in South Africa of real estate in Touws River of 815m² vacant residential land
Featuring:
Residential Land in Touws River

General description

The vacant residential land is on the national flower route, which is between July and September, is alive with vivid shades of Karoo flowers in the town of Touws River.

Locality

The vacant land is situated on the corner of Boy Muller and Stofberg Street.

For locality of the property,click here

Executive summary
  • Erf 478, Touws River
  • Corner Boy Muller and Stofberg Street, Touws River
  • Erf measuring: 815m²
  • Zoning: Residential 1

  • Auction notes:
    14 % VAT is applicable to the buyer's premium only and purchase price may be subject to transfer duty
    Information Pack
    Registration Form Form
    Rules of Auction
    Notice to purchasers:
    Buyers premium: 5%   Deposit of 10% and Buyers Premium of 5% plus VAT immediately after the sale, balance of the purchase price on registration of transfer.
    VAT/Tax: 14%
    Inspection details: At own leisure
    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.
    Consumer Protection Act 68 of 2008 click here
    Consumer Protection Act 68 of 2008 - Regulations click here
    The Bidders attention is drawn to the following:
    • The Rules of Auction can be found below 'Auction notes'
    • 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 Closed
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    Event Information
    Location: Corner Boy Muller & Stofberg Street, Touws River
    Started: 9 Apr 2015 3:00 AM PST

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