Live Power Of Attorney Auction Of An Industrial Property, Odendaalsrus - Free State #114

Buyers premium: 5%   Deposit of 10% and buyer's premium of 5% (plus VAT) immediately after the sale, balance of the purchase price on registration of transfer
VAT/Tax: 14%
Inspection details: On appointment only, please contact Franz Bobbert on +27 (0)83 630 5532
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;
• R2 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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