DISPOSAL OF GAUTENG PROVINCIAL GOVERNMENT PROPERTIES ONLINE AUCTION
GAUTENG PROVINCIAL GOVERNMENT PROPERTIES ONLINE AUCTION
Auction Open 17 Sept (09h00) – Close 21 Sept from 14:00
Staggered Closing / Lot Closing Speed - 1 lot every 2 minutes (From 2pm plus 2 min Auto-Extend)
Registration Fee | : | R5 000 refundable |
Confirmation Period | : | 14 days confirmation period by the seller |
Deposit on Purchase Price | : | 10% payable by electronic transfer (EFT) |
Guarantees on Balance | : | 30 days from date of acceptance |
Buyer’s Commission | : | 5.75% inclusive of VAT |
Outstanding Rates and Taxes & Levies | : | SELLER is liable for all outstanding rates and taxes & levies |
Bidders must adhere to FICA requirements on registration. No cash will be accepted for the auction. | ||
TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE BIDDER PARTICIPATION FORM (DOCUMENTS TAB BELOW). By signing the Bidder Participation Form, 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.
Please ensure all your documentation is sent back for verification by close of business on Thursday 16 September to auction@tirhani.co.za
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.
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 reserve 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.
The 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.
Please feel free to contact a member of our staff if you have any questions. Contact details are as follows:
Property Queries – Auction Property Department: Vongani Baloyi (vongani@tirhani.co.za) and 076 790 6100
Invoicing Queries – Auction Administration Department: Robyn Brown (robyn@tirhani.co.za) and 079 305 3809
Bidding Queries – Online Auctions Department: Bernard Decombes (bernard@tirhani.co.za) and 082 327 4578
General Queries – Customer Service Department: Stacy-Lee Campbell (stacy-lee@tirhani.co.za) and 082 327 4580
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.
