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Liquidation Auction Of Commercial Building With Milling Plant And Various Improvements, Ventersburg, Free State#332 (Lethabo Milling)

Live Auction, Started: 21 Nov 2018 2:00 AM PST

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Duly instructed by the liquidators representing Lethabo Milling (Pty) Ltd (In Liquidation). Masters Ref No: B51/2018
Liquidation auction of commercial building with milling plant and various improvements, Ventersburg, Free State#332  - Over 2 Erven boasting an extent of ±2736m² - To be sold together
General description:
1. Erf 664, Ventersburg (Door No 2)
  • Extent: ±1348m²
  • Milling plant
  • 2 x Storerooms
  • Office
  • Laboratory
  • 2 x Restrooms
  • Dispatch section

    2. Erf 412, Ventersburg (Door No 4)
  • Extent: ±1388m²
  • 2 x main gates to offload raw material / access to steel structure storeroom
  • 6 x Parking
  • Security office
  • Steel platform scale (9m x 3m)
  • Employee access control gate

    Located in Ventersburg, approximately 150kms north of Bloemfontein along on Cachet Street which connects with Bayford Street. Bayford Street has direct access to Voortrekker Road which leads to the N1 National Highway and surrounded by a Spar retailer and a Petrol Station.
    For locality of the property, click here

    Executive summary:
  • Erven 664 & 412 Ventersburg
  • 2 & 4 Cachet Street, Ventersburg
  • Extent: ±2736m² (combined extent)
  • Office equipment, forklift and much more to be sold separately after the property auction

    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: For more information, please contact Eben Oor
    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 assets 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;
    • 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
    Downloadable Documents
    Related Sales
    Event Information
    Location: 2 & 4 Cachet Street, Ventersburg, Free State
    Started: 21 Nov 2018 2:00 AM PST

    Contact Details
    Contact: Eben Oor
    Telephone: +27 (0)83 316 9094
    Telephone 2: +27 (0)21 702 3206
    Shipping Information
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