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Liquidation Auction Of Residential Property Within Brakpan, Gauteng

Live Auction, Started: 10 Dec 2019 12:00 AM PST

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Duly instructed by the liquidators representing Express Auctioneers and Shared Services (Pty) Ltd (In Liquidation) Masters Ref No: C663/2019
Liquidation auction of residential property within Brakpan, Gauteng. Boasting an extent of ± 991m² within a well sought-after residential area. This property is suited for refurbishment or redevelopment
Featuring:
General description:
Featuring a residential dwelling with a double garage, an outbuilding, a lapa area, swimming pool and secured with viber crete panel perimeter fencing. This is property is suited for refurbishment or redevelopment.

Locality:
Situated along Gladstone Street, Brakpan Central and just 90kms east from Johannesburg CBD.

For locality of the property, click here

Executive summary:
  • Erf 368 Brakpan, Ekurhuleni Metropolitan Municipality , Gauteng
  • 8 Gladstone, Brakpan Central
  • Extent: ± 991m²
  • To see a slide show of property on auction, please CLICK HERE


    Auction notes:
    Please note that in order to be approved for bidding, you are required to send us: the participation form (under downloadable documents), proof of payment of a R 10 000 registration fee and FICA documentation
    Notice to purchasers:
    Buyers premium: 5%   ~ Deposit of 10% and Buyer's Premium of 5% (plus vat on buyer's premium only) to be paid at the fall of the hammer and the balance of the purchase price shall be paid within 30 (thirty) days from receipt of a written request to that effect from the transferring attorneys
    VAT/Tax: 15%
    Inspection details: Please contact Pieter Rushmer
    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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    Downloadable Documents
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    Event Information
    Location: 8 Gladstone, Brakpan Central, Gauteng
    Started: 10 Dec 2019 12:00 AM PST

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