COLLINS CHABANE LOCAL MUNICIPALITY 27 BUSINESS STANDS ONLINE AUCTION

COLLINS CHABANE LOCAL MUNICIPALITY 27 BUSINESS STANDS ONLINE AUCTION


COLLINS CHABANE LOCAL MUNICIPALITY 27 BUSINESS STANDS ONLINE PROPERTY AUCTION

224 Collins Chabane Drive, Malamulele 0928

 

Auction Open

Tuesday 23 April 2024 at 09:00

Auction Close

Thursday 25 April 2024 from 11:00

Viewing Date

Friday 19 to Wednesday 24 April 2024 (9:00-15:00)

 

The Collins Chabane Local Municipality has appointed Tirhani Auctioneers to dispose of 27 vacant business stands located in the newly established business district Malamulele-BA. These business stands ranging from 2828 m² to 2.7 ha offer prime real estate investment for business owners and investors alike. Viewing and bidding registration assistance will be provided at a bidding center from the 19th to the 24th of April 2024.

DISCLAIMER:

Information provided in the advertising of this property, whether digitally or in print, includes subjective opinions provided by TIRHANI and additional information from the seller. You are advised to inspect the property to make necessary informed decisions and conclusions regarding the suitability and condition of the property. Despite our efforts to provide accurate information, we strongly recommend independently verifying all dimensions and shapes before purchasing or decisions based on them. Please be aware that TIRHANI has not conducted tests on any services, appliances, or heating/cooling systems, and does not provide any explicit or implied warranties regarding their functionality.

IMPORTANT INFORMATION:

  • Invoices are made out to buyers/purchasers who are registered bidders in terms of clauses D (1) (1.6) and (1.8) of the Rules of Auction. 
    No changes to purchase statements will be allowed, and the splitting of invoices among buyers is prohibited.  The registered bidder is responsible for the payment of the full invoice.
  • The registered bidder will be required to complete the Offer to Purchase.  No transfers or exchanges to another person/company name will be entertained.
  • Should the buyer’s details on the Offer to Purchase not match those of the registered bidder, the transaction will be cancelled.
  • Do not bid at this online immovable property auction unless you have inspected the property and you are satisfied with its condition. 
  • 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.
  • If you bid for the property and are declared the highest bidder and purchaser of the property, please note that no retractions will be entertained thereafter, irrespective of the claim.
  • Please pay attention to the Special Conditions stipulated in Clause 22 of the Offer to Purchase:

22. SPECIAL CONDITIONS

22.1 The Parties hereto agree that the property shall be developed within 5 (Five) years of transfer into the Purchasers name.

22.2 Failure to adhere to development of the property within the 5-year period shall result in a R5 000 (Five Thousand Rand) monthly penalty fee payable per month to the Seller for a period not exceeding 6 months.  Thereafter the Seller reserves the right to resell the property and refund the Purchaser only the original purchase price of the stand per this Offer to Purchase, it being noted that improvements to the site by the Purchaser do not form part of the original purchase price.

 

Drone footage for Malamulele -BA https://youtu.be/vdwwFmIdH08

To schedule a viewing today, contact:

Theo LouwProperty Business Development Manager083 946 0218
Nompumelelo HlongwaneProperty Administrator076 069 3472

 

Notice to Buyers & Disclaimer

Auction Registration Fee

R10 000 Refundable

Confirmation Period

Thirty (30) days confirmation period by the seller

Deposit on Purchase Price

Ten percent (10%) payable by electronic transfer (EFT)

Guarantees on Balance

30 days from date of acceptance

Buyer’s Commission

Ten percent (10%) plus VAT

Outstanding Rates, Taxes & Levies

The Seller is liable for all outstanding rates, taxes & levies

 

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM (DOCUMENTS TAB ) COMING SOON

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. Bidders are hereby given notice in terms of section 45 (4) of the CPA that Tirhani Auctioneers may bid on the online auction to protect the reserve price. 

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. 

STAGGERED CLOSING: The lots will close out at one (1) lot every 2 minutes (plus Extended Bidding)

EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 2 min of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding.  

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 the 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 outbids 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
Channtell Vogel

Bidding System Queries & Support
+27 (0) 71 587 6279
Theo Louw

Property Queries 
+27 (0) 83 946 0218
Stacy-Lee Campbell

Online Registration & General Queries
+27 (0) 82 327 4580
Rhulani Mlambo

Invoicing Queries                    
+27 (0) 82 575 1164 

 

Property ID: 117896
Auction Date: 25/4/2024 at 11:59 SAST
View Date: 19/4/2024 from 09:00to 15:00SAST
Venue: 224 Collins Chabane Drive, Malamulele, LP 0982, ZA

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE DOWNLOAD RULES OF AUCTION - BIDDER PARTICIPATION FORM. Please email back to - auction@tirhani.co.za by the cut-off date.
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.

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