2 Commercial Properties in Piet Human Street, Hamilton, Bloemfontein

Auction Pocedure:

Bidders can bid simultaneously on Lot 001, 002 and 003.

The Lots will close in sequential order.

Lot 002 will stay open for bidding until Lot 001 has closed and will then start closing and count down.

Lot 003 will stay open for bidding until lot 001 and 002 has closed.

After Lot 002 has closed, bidders who want's to purchase both the properties (Lot 001 and Lot 002)have the opportunity to bid on Lot 003.

The Bid amount of Lot 003 must exceed the total of Lot 001 and Lot 002 together, in order to be succesfull.

During the Bidding, the asking Bid of Lot 003 will automatically be higher than the current Total of Lot 001 and Lot 002 together.

In the event that the bid amount of Lot 003 is higher than the total of Lot 001 and 002, at closing time of the Lots, the amount of Lot 003 will be accepted as the highest offer / bid amount and it will oversee the two individual higher bids of Lot 001 and 002.

At closing of each Lot, the online platform will display:

Sold            – which means the reserve price has been met.

Sold (STC) – which means the reserve price has not been met and a negotiation process / period of

                       asking for higher offers (during the confirmation period is applicable).

Not Sold     – which means that no bid was received.

Read the full Terms and conditions of Sale, Special Conditions of Sale and Rules of Auction which can be downloaded under the Documents Tab or dropdown menu.

When a Bidder places a bid, it is confirmation that all the Terms and Conditions are understood by the Bidder and no Bid placed, can be withdrawn.

Lot 001 – Property Erf / Stand number 21311

Consolidation of 2 stands Piet Human Street no 3 and 5.

In extend 7 930 m² (Seven Thousand Nine Hundred and Thirty Square Metres).

Industrial 1 Zoning:

Uses permitted as a primary right:

Industrial Purposes, Light Industry, Service Industry, Vehicle Workshop, Scrap Yard, Vehicle Showroom / Dealership, Commercial, Auction Premises, Offices, Animal Establishment, Funeral Services, Municipal / Government Purposes, Public Parking Area, Service Station.

Uses permitted as a secondary right with consent in terms of regulation 44:

Panel beating / Spray painting, Auction Pen, Crematorium, Caretaker Dwelling Unit, Shop, Place of Instruction (Adult instruction only), Place of refreshment for own employees only, Urban Agriculture, Renewable Energy Infrastructure, Telecommunication Infrastructure.

Infrastructure:

Office Block – 344 m²

Carports x 8 – (93 m²)

Factory / Workshop / Store (1 215 m²)

Lot 002 – Property Erf / Stand number 21311

Consolidation of 3 stands Piet Human Street no 2, 4 & 6.

In extend 15 593 m² (Fifteen Thousand Five Hundred Ninety Three Square Metres)

(1.5593 Hectares).

Industrial 1 Zoning:

Uses permitted as a primary right:

Industrial Purposes, Light Industry, Service Industry, Vehicle Workshop, Scrap Yard, Vehicle Showroom / Dealership, Commercial, Auction Premises, Offices, Animal Establishment, Funeral Services, Municipal / Government Purposes, Public Parking Area, Service Station.

Uses permitted as a secondary right with consent in terms of regulation 44:

Panel beating / Spray painting, Auction Pen, Crematorium, Caretaker Dwelling Unit, Shop, Place of Instruction (Adult instruction only), Place of refreshment for own employees only, Urban Agriculture, Renewable Energy Infrastructure, Telecommunication Infrastructure.

Infrastructure:

Workshop – 418 m²

Office Section in Workshop – 192 m²

Factory 1 with plant area – 711 m²

Factory 2 with plant area – 1 182 m²

Store – 952 m²

Ablutions – (43 m²)

Security building

Lot 003 – Bid one Amount for both the 2 stands in:

Lot 001 – Property Erf / Stand number 21311

                          and

Lot 002 – Property Erf / Stand number 21311

Contact: Reuben Saayman 082 374 4388

Auction Admin and Registration Suzette Saayman 082 411 3419

CONTACT DETAILS:

Auctioneer: RS Auctioneers PTY (Ltd) 2

Contact No: +27 823744388

Email: [email protected]