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Live Auction of Commercial/Retail Building in Harrismith, Free State- South Africa#97

Live Auction, Started: 12 May 2015 3:00 AM PST

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By order of the owner
Live auction of commercial/retail building in Harrismith, Free State. Featuring an extent of 2261m² with ±11 tenants and 1/3 years leases in place
Featuring:

General description

The property boasts 3 separate buildings on 1 Erf. The buildings are currently being utilised for commercial/retail purposes and consisting of ±11 tenants with 1/3 year leases in place. The rental income per annum R294 736.00, perfect for long term investment!!

Locality

The property is situated on the corner of Warden Street, surrounded by many businesses within the heart of Harrismith.

For locality of the property,click here

Executive summary
  • Erf 1525, Harrismith
  • Extent (In Total):2261m²


  • Auction notes:
    This sale may be subject to Transfer Duty
    Notice to purchasers:
    Buyers premium: 10%   Deposit of 5% and buyer's premium of 10% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
    VAT/Tax: 14%
    Inspection details: Viewing: On appointment, please contact Franz Bobbert
    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
    Consumer Protection Act Regulations - Act 68 of 2008
    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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    Downloadable Documents
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    Event Information
    Location: 54 Warden Street, Harrismith, Free State
    Started: 12 May 2015 3:00 AM PST

    Contact Details
    Contact: Franz Bobbert
    Telephone: +27 (0)83 630 5532
    Shipping Information
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