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Onsite Auction Of Two Vacant Industrial Erven, Richards Bay, Kwazulu Natal

Live Auction, Starts: 21 Nov 2019 2:00 AM PST

By order of the owner
Onsite auction of two vacant industrial erven, Richards Bay, KwaZulu-Natal - Boasting an extent of  ±1.2Ha
Featuring:
General Description:
Vacant industrial erven boasting a total extent of ±1,2456Ha, ideal for development. Situated within Richards Bay which is known to be a coastal town within KwaZulu-Natal, located around 180km north of Durban.It is situated on a 30 square kilometre lagoon of the Mhlatuze River, which gives it one of the country's largest, and the southern hemisphere's deepest harbours.

For locality of the property, click here

Executive summary:
  • Portion 3 of Erf 1862 Richards Bay Ext 9, Umhlathuze Municipality, KwaZulu-Natal = ±3830m²
  • Portion 4 of Erf 1862 Richards Bay Ext 9, Umhlathuze Municipality, KwaZulu-Natal = ±8626m²
  • To see a slide show of the property on auction, please CLICK HERE


    Auction notes:
    Please note that in order to register for the auction we require a R10 000.00 refundable registration fee proof of payment and FICA documentation.
    Notice to purchasers:
    Buyers premium: 6%   ~ Deposit of 10% and buyer's premium of 6% 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 Karin Dreyer
    Payment type: Wire Transfer,
    Payment date: 22 November 2019
    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;
    • R10 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.
    Register at location
    View lot catalogue
    Downloadable Documents
    Event Information
    Location: Along Bauxite Bay Drive, Alton, Richards Bay, KwaZulu-Natal, South Africa
    Starts: 21 Nov 2019 2:00 AM PST

    Contact Details
    Contact: Karin Dreyer
    Telephone: +27 (0)60 993 2383
    Telephone 2: +27 (0)21 7023206
    Shipping Information
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