GDID GOVERNMENT DISPOSAL PROPERTY ONLINE AUCTION
GDID GOVERNMENT DISPOSAL PROPERTY ONLINE AUCTION
TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM (DOCUMENTS TAB).
By signing the Rules of Auction, you consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.
NOTES: RESERVE: This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction.
Property Description | Disposal of 3 Gauteng provincial Government owned residential properties. | ||
Property Addresses | 1. Rubida Street, Murrayfield Ext 1, Tshwane 2. 71 Dr Vosloo Road, Bartlett Ext 3, Boksburg 3. 81 Coen Labuschagne Street, Rensburg, Heidelberg | ||
Auction Opening Date | Tuesday, 26 September 2023 | Time | 10h00 |
Auction Closing Date | Thursday, 28 September 2023 | Time | From 13h00 |
Viewing Date (s) | Tuesday 19 to Sunday 24 September 2023 | ||
Viewing Time (s) | 14h00 – 16h00 | ||
Contact Person | Nompumelelo Hlongwane: 076 069 3472 | ||
Notice to Buyers & Disclaimer
Registration Fee | R5 000 (Refundable, T&C’s apply) |
Confirmation Period | 30 days confirmation by the Seller |
Deposit on Purchase Price | 15% payable by electronic transfer (EFT) |
Guarantees on Balance | 30 days from acceptance |
Buyer’s Commission | The Buyer shall not pay buyer’s commission on the highest bid price |
Outstanding Rates, Taxes & Levies | The Seller is liable for all outstanding rates, taxes, and levies |
Contact Person | Nompumelelo Hlongwane: 076 069 3472 |
Bidding Centers will be made available to assist with auction registration and how to bid online.
Date | Venue | Times |
Tuesday 26 September & | Department of Infrastructure Development – Gauteng: 18 Rissik Street, Marshalltown, Johannesburg | 09h00 – 15h00 |
Thursday 28 September | Tirhani Auctioneers, 1 Centex Close, Corner Katherine St, Eastgate Ext. 4, Sandton, 2090 | 08h00 until the auction closes |
Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.
EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 2 (TWO) minutes of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Staggered Closing / Lot Closing Speed - 1 lot every 2 minutes plus 2 min Auto Extend.
MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The 'System' will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Tirhani Auctioneers reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
FOR MORE INFORMATION
Bernard Decombes Bidding System Queries & Support | +27 (0) 82 327 4578 |
Charlotte Mutsharini Bidding System Queries & Support | +27 (0) 82 329 8194 |
Theo Louw Property Queries | +27 (0) 083 946 0218 |
Nompumelelo Hlongwane Property Queries | +27 (0) 76 069 3472 |
Elizabeth Nkhathu Invoicing Queries | +27 (0) 82 329 8984 |
Stacy-Lee Campbell Online Registration and General Queries | +27 (0) 82 327 4580 |
To participate in this online auction, complete and submit all required documents by 4PM on the cut-off date on the Tirhani Auctioneers Buyer’s Portal.
By signing the Rules of Auction and Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.
This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.
