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Power Of Attorney Auction Of Double Volume Building With Offices, East Lynne, Gauteng#317

Live Auction, Started: 15 Aug 2018 3:00 AM PST

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Duly instructed by ABSA Bank as power of attorney
Power of attorney auction of double volume building with offices, East Lynne, Gauteng#317- with rental potential and boasting an extent of ±1028m²
General description
Double volume building boasting offices, 2 female rest rooms & 2 male rest rooms, 2 kitchens and ample parking. The offices are currently being let by multiple tenants with total rental income of ±R40 000 per month.

Situated in East Lynne within Gauteng Province along Lanham Street.
For locality of the property, click here

Executive summary
  • Ptn 8 of Erf 138 East Lynne City of Tshwane Metropolitan Municipality Gauteng
  • 135 Lanham Street, East Lynne
  • Extent: ±1028m²

  • Auction notes:
    Please note that in order to register to this auction we require; proof of payment and FICA documentation.
    Notice to purchasers:
    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: 15%
    Inspection details: Viewing: 14 August 2018 from 11:00 to 13:00. For more information, please contact Pieter Rushmer +27 (0)83 710 7005
    Payment type: Wire Transfer,
  • Payment date: 16 August 2018

    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 assets will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
    • The Sale of the assets 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;
    • A 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: 135 Lanham Street, East Lynne, Pretoria
    Started: 15 Aug 2018 3:00 AM PST

    Contact Details
    Contact: Pieter Rushmer
    Telephone: +27 (0)83 710 7005
    Telephone 2: +27 (0)21 702 3206
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