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Live Auction Of TELKOM Real Estate Portfolio Disposal - South Africa - #101

Live Auction, Started: 21 May 2015 03:00 PST

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By order of TFMC. Acting on instruction from Telkom
Live Telkom auction of an exclusive industrial property in Mobeni East, Durban - South Africa, measuring an erf size of 44 360m² and 21 068m²of warehousing, distribution, stores & offices
Featuring:
General description

This Telkom property boasts an erf size of ±44 360m² of almost rectangular shape and reasonably level, developed land. Paved areas measures approximately ±24 000m². POWER CAPACITY OF THE BUILDING: ±1500AMPS (AT THE BREAKER)

The property offers several buildings, measuring approximately ±21 068m² in total – with details as follows:
  • Building 1 – Ablutions, stores, kitchen, etc (±470m²)
  • Building 2 – Offices, stores (±410m²)
  • Building 3 – Warehouse (±195m²)
  • Building 4 – Warehouse (±4 160m²)
  • Building 5 – Security gate house (±23m²)
  • Building 6 – Admin block (±784m²)
  • Building 7 – Carport (±75m²)
  • Building 8 – Warehouse (±13 431m²)
  • Building 9 – Loading, siding space (±1 129m²)
  • Building 10 – Flammable goods store (±39m²)
  • Building 11 – Warehouse (±190m²)
  • Building 12 – Warehouse (±162m²)

  • For more detailed information, please download the property pack under “downloadable documents” on your right

    Locality

    The property is situated along South Coast Road, cnr. South Coast and Bluff Road within the industrial area of Mobeni East, south of Durban. The surrounding neighbourhood mainly comprises of large warehouses and factories. Access to the property is good, having due regard to the nearby N2 National Highway and the M4 Southern Freeway respectively. Is in reasonably close proximity of the Durban Harbour, known to be the busiest harbour in South Africa.

    For locality of the property, click here

    Executive summary
  • Portion 120 of Erf 790, Dunns Grant
  • Erf size: 44 360m² and Improvements
  • Total Improvements: 21 068m²
  • Zoning: Noxious Industrial
  • Auction Venue: Durban International Convention Centre, Meeting Room 12 ABE

  • Auction notes:
    • Bidders and participants who wish to take part in the auction are required to register onsite prior to the event.
    • Registration and approval of your bidding status is subject to completion of the 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 the 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 property and perform their own assessment thereon.
    • The sale of these property is 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 under downloadable documents 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: 6%   Deposit of 10% and buyer's premium of 6% plus VAT immediately after the sale and balance of the purchase price will be paid on registration of transfer (NB: ZERO % VAT ON THE PURCHASE PRICE)
    VAT/Tax: 14%
    Inspection details: 6th, 13th & 20th May 2015, from 12:00 PM - 14:00 PM
    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 68 of 2008 - Regulations
    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;
    • R100 000.00 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
    Related Sales
    Event Information
    Location: 1021 South Coast Road, Mobeni East, Durban
    Started: 21 May 2015 03:00 PST

    Contact Details
    Contact: Joey Burke
    Telephone: +27 082 998 1133
    Contact: Kim Faclier
    Telephone: +27 21 702 3206
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