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Power Of Attorney Auction Of 2 Agricultural Properties Within Winterton Settlement, KZN

Live Auction, Started: 18 Mar 2020 5:00 AM PDT

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By order of ABSA as Power of Attorney
Power of Attorney Auction of 2 Agricultural Properties within Winterton Settlement, KZN. Enjoys a vacant land of an agricultural property which comprises of a home and various outbuildings. To be sold together

To see a slide show of the properties on auction, please CLICK HERE

General description
Lot 22 Winterton Settlement of Farm No. 12566: The agricultural property boasts 27,2643Ha which comprises of a main dwelling with 3 bedrooms and 2 bathrooms, a kitchen, TV room, office space, laundry room and a spacious lounge. The agricultural property offers various outbuilding such as; Corrugated maize shed, iron sheeting store room, double carport with workshop, staff quarters with a bathroom, shed with 3 troughs and biltong room consisting of 1 large room and 3 smaller rooms. It further boats a dam and borehole. Lot A22 of Winterton Settlement of farm no. 12567: Vacant land boasts 2,6499Ha which is currently being leased for ± R3000.00 per month.

Situated along an un-named Gravel Road off the Main Road in Winterton Settlement within the Kwazulu Natal Province. Enjoy convenient access to the R74 and R600 Regional Roads.

For locality of the property (Lot 22), click here

For locality of the property (Lot A22), click here

Executive summary
  • Lot 22 Winterton Settlement of Farm No 12566
  • Lot A22 Winterton Settlement of Farm No 12567
  • Gravel Road off the Main Road in Winterton Settlement within the Kwazulu Natal Province
  • Lot 22 : ±27,2643Ha and Lot A22: ±2.6499Ha

  • 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 immediately after the sale, balance of the purchase price on registration of transfer.
    VAT/Tax: 15%
    Inspection details: By appointment
    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
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    Downloadable Documents
    Related Sales
    Event Information
    Location: Gravel Road off the Main Road in Winterton Settlement within the Kwazulu Natal Province
    Started: 18 Mar 2020 5:00 AM PDT

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