INSTRUCTED BY HESSEQUA MUNICIPALITY

ONLINE AUCTION
Bidding Start Time: Thursday 28 November 2024 @ 09:00
Bidding End Time: Friday 29 November 2024 @ 14:30
For more information, please contact the listing agent.

DESCRIPTION:
•  Property details:  Remaining Extent of Erf 3889 Mulder Street, Riversdale
•  Erf Extent:  Approximately 1,198m²
•  The property is to be rezoned to Industrial Zone in terms of Hessequa Municipality's Zoning Scheme.
•  The successful bidder will be responsible for all costs associated with the purchase of the property, which include but is not limited to the purchase price, autioneer's commission, land use application cost, advertisement cost, cost for rezoning as well as the transfer fees and any other costs that may be incurred to effect transfer.
•  It should be noted that there is a building on the property which is currently leased for residential purposes.  The successful bidder must, at their own expense, provide alternative accommodation in Riversdale to the current lessee.  The accommodation must consist of at least two bedrooms, one full bathroom, lounge and dining room and a separate kitchen.  The alternative accommodation must be reasonably acceptable to the lessee.  The accommodation must be available to the longest living of the lessee and her spouse.  The lease amount payable by the lessee and/or their spouse for the period 01 July 2024 - 30 June 2025 may not exceed the amount of R1,165.75 per month and may be increased annually with a maximum rate escalation of 8%.  The lessee and/or their spouse will be responsible for the payment of the following municipal charges, (availability and consumption where applicable) - water, sewerage, refuse removal and electricity in respect of the alternative accommodation.  The lessee and/or their spouse will be responsible for the maintenance of the interior of the dwelling, excluding the repair of flaws/defects of a structural nature as well as the costs for the maintenance of the garden.
•  Showday:  View by appointment only.

PAYMENT TERMS:
10% Deposit & 3.5% Auctioneers fee (incl. VAT on fee); Payable on the fall of the hammer by means of  EFT only. Balance payable on transfer.  

REGISTRATION REQUIREMENTS:
To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months) as well as a R20,000 refundable registration fee.  Please refer to our website for full registration requirements.

DISCLAIMER:
The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

NO NOMINATIONS WILL BE ACCEPTED!! i.e. Your Bidders card will reflect the name in which the property will be registered. All relevant documentation will be required for registering on behalf of a person/entity as follows:
PERSON:
* Copy of your ID & your Spouse’s ID (if married in community of property)
* Proof of residence no older than 3 months
* Letter of authority from spouse (if married in community of property)
* Tax Clearance Certificate for both yourself and spouse (if married in community of property)

COMPANY:
* Company Registration documents
* Resolution signed by all Shareholders authorising bidder
* Copy of all Shareholders/Directors ID
* Proof of Company Address - not older than 3 months
* Company Tax Clearance Certificate

TRUST:
* Trust Registration documents
* Resolutions signed by all Trustees authorising Bidder
* Copy of all Trustee’s IDs
* Proof of Trust Address not older than 3 months
* Trust Tax Clearance Certificate

All relevant documentation will be required for registering on behalf of a Non-Profit organisation as follows:
* Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate)
* Section 21 company registration documents
* Resolution signed by all directors/office bearers authorising bidder
* Copy of director’s/office bearers ID’s
* Proof of organisation’s address not older than 3 months
* Organisation’s Tax clearance certificate/Public Benefit Organisation certificate (PBO Certificate)

PLEASE NOTE: All Resolutions must be completed correctly or they will NOT be accepted. They must AUTHORIZE the bidder to BID ON BEHALF OF as well as SIGN ANY AND ALL DOCUMENTATION REQUIRED to pass transfer.

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]