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Telkom Real Estate Portfolio Disposal Live Auction in Johannesburg, South Africa

Live Auction, Started: 25 Mar 2014 3:00 AM PST

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By order of TFMC. Acting on instruction from Telkom SA SOC Limited
Major parastatal live auction of properties in Johannesburg, South Africa, including; vacant, commercial, industrial & residential sites
Featuring:

Properties include;

  • Jet Park - Vacant Land

  • Joubert Park - High Rise Building

  • Kempton Park - Vacant land

  • Walmer - Vacant land

  • Mayfair - Vacant Land with redundant property

  • Benmore Gardens - Large Vacant Land with prefabricated buildings

  • Malvern - Redundant Property

  • Benoni - seven storey office building

  • FOR MORE INFORMATION REFER TO ONLINE CATALOGUE ON YOUR RIGHT

    Auction notes:
    • Bidders and participants who wish to take part in the auction are required to register on site prior to the event.
    • Registration and approval of your bidding status is subject to completion of registration form, submission of your FICA documents, declaration of interest and authority & consent to perform credit bureau profile verification.
    • Bidders are advised to make themselves aware of all property features including but not limited to the property information packs which include the specific Offer to Purchase for each property, Known Defects List, Title Deed and Zoning. Telkom, TFMC and GoIndustry DoveBid does not warrant the accuracy of the information and we have taken the information as being correct at the time of auction. All interested bidders are to familiarise themselves with the properties and perform their own assessment thereon.
    • The sale of these properties are subject to Value Added Tax charged at 14%.
    • Interested parties are reminded that NO POST AUCTION OFFERS WILL BE ENTERTAINED BY THE SELLER. All interested parties are urged to familiarise themselves with the available documentation on hand and can be found by downloading the relevant information from the Lot Catalogue or alternatively requesting such information from our offices.
    • Kindly note that no Nomination Agreement will be entertained, thus the registered person / entity shall be the stipulated purchaser on the signed purchase agreement.
    Notice to purchasers:
    Buyers premium: 10%
    VAT/Tax: 14%
    Inspection details:
    Viewing Dates:
  • Benmore Gardens: Wednesday, 05,12&19 March 2014 from 12:00pm - 14:00pm
  • Jet Park: At your own leisure
  • Joubert Park: Tuesday, 4th, 11th & 18th March 2014 from 12:00pm - 14:00pm
  • Benoni: Thursday, 6th, 13th & 19th March 2014 from 12:00pm - 14:00pm
  • Spartan: Thursday, 6th & 13th March 2014 from 12:00pm - 14:00pm
  • Malvern: Thursday, 6th, 13th & 19th March 2014 from 12:00pm - 14:00pm
  • Mayfair: Tuesday, 4th, 11th & 18th March 2014 from 12:00pm - 14:00pm

  • 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.
    http://www.info.gov.za/view/DownloadFileAction?id=99961
    http://www.info.gov.za/view/DownloadFileAction?id=145412
    The Bidders attention is drawn to the following:
    • The Rules of Auction can be found under the downloadable documents tab
    • The Agreement of Sale for each Lot
    • 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
    Downloadable Documents
    Related Sales
    Event Information
    Location: Auction Venue: Protea Hotel Fire and Ice, Melrose Arch, Johannesburg
    Started: 25 Mar 2014 3:00 AM PST

    Contact Details
    Contact: Kim Faclier
    Telephone: +27 21 702 3206
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