Fantastic residential development opportunity


Fantastic residential development opportunity in wonderful location!

The farm is situated in Boksburg, 9 minutes from the Main Reef Road. The current owners have committed to proclaim the land for the new developers within a reasonable timeframe. The farm is flat and is in a trapezium shape for easy development layouts.

Opens on 28 September 2021 at 09:00 and closes 30 September 2021 from 14:00

Viewing Address: Ptn 531 Farm 85, driefontein. Reg Div : IR, GAUTENG.

Viewing: By Appointment - FOR MORE INFORMATION CONTACT VONGANI BALOYI 076 790 6100

TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE DOWNLOAD RULES OF AUCTION - BIDDER PARTICIPATION FORM (DOCUMENTS TAB). Please email back to - auction@tirhani.co.za
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.

Please ensure all your documentation is sent back for verification by close of business on 27 September to
auction@tirhani.co.za

Condition of sale.

Starting Price

Registration Fee

:

:

R3 000 000

R25 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

:

3.5% plus VAT

Outstanding Rates and Taxes & Levies

:

SELLER is liable for all outstanding rates and taxes & levies

 

TYPE OF AUCTION AND VENDOR BIDDING

This online immovable asset auction is “With Reserve”, and the assets shall be sold to the highest bidder subject to meeting reserve or the seller’s approval.

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

 

DO NOT BID FOR ANY PROPERTY AT THIS ONLINE IMMOVABLE PROPERTY AUCTION UNLESS YOU HAVE INSPECTED THE PROPERTY AND YOU ARE SATISFIED WITH ITS CONDITION. 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.

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.

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.

Property ID: 69058
Auction Date: 30/9/2021 at 14:00 SAST
View Date:
Venue: EAST RAND PTY MINES, Boksburg, GT 1459, 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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