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Liquidation Sale Of Massive Agricultural Property ±30kms from Elands Bay Within The Western Cape

Live Auction, Started: 3 Mar 2020 2:00 AM PST

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Duly instructed by the liquidators representing Grand Palace Trading 212 (Pty) Ltd. Masters Ref No: C598/2018
Liquidation sale of massive agricultural property ±30kms from Elands Bay within the Western Cape #362 - Boasting an extent of ±600Ha with improvements

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

Featuring:
General description:
Agricultural property previously used for grazing purposes. It boasts 10 boundaries and two access points. Situated along R366 Regional Highway, approximately 30kms from Elands Bay and located on the upper West Coast of the Western Cape Province. It boasts a residential dwelling, a shed and a farm utility dwelling (storage of farming equipment and consumables) as well as 4 plastic water storage tanks, a cattle kraal, a partly constructed swimming pool and site improvements consist of perimeter fencing, access gates on both entrances, a borehole, an irrigation system, an electrical substation, a natural water reservoir and a pump house. Serviced by Eskom and the main water sources are the Verlorenvlei as well as the Oliphant's and Doring Rivers.

For locality of the property, click here

Executive summary:
  • Ptn 40 of Farm 1 Bonteheuvel Reg Div: Piketberg Rd Western Cape
  • Along R366 Regional Road, Elands Bay (GPS: 32°22'24.3"S 18°30'02.3"E)
  • Extent: ±637.5889Ha

  • 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: 8%   ~ Deposit of 10% and buyer's premium of 8% (plus vat on buyers 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 Catherine Pritchard
    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 Information
    Location:
  • Along R366 Regional Road, Elands Bay
  • GPS: 32°22'24.3"S 18°30'02.3"E


    Started: 3 Mar 2020 2:00 AM PST

  • Contact Details
    Contact: Catherine Pritchard
    Telephone: +27 (0)21 702 3206
    Shipping Information
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