Insolvency Auction Of A 3 Bedroom Family Home, Claremont, Western Cape#351

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 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