Vacant Land For Sale In Betty's Bay

INSTRUCTED BY OVERSTRAND MUNICIPALITY

ONLINE AUCTION:
Bidding Start Time:  Wednesday 20 November 2024 @ 09:00
Bidding End Time:  Thursday 21 November 2024 @ 14:30
Registration is essential by Monday 18 November 2024.
For more information, please contact the listing agent.

DESCRIPTION:

• The Property is zoned for Residential Zone 1: Single Residential and includes a primary use for a dwelling house.   
• Access to the Property will be from Albertyn Drive or Salmon Street, Betty’s Bay, such access to be approved by the relevant division within the Overstrand Municipality.
• The Property is within a declared wetland and authorization from the water use authority (Breede-Gouritz Catchment Management Agency) would be required prior to support of building plans by the Environmental Management & Conservation Division of the Overstrand Municipality.
• The Property is un-serviced, but normal water services are available in the vicinity of the Property. Eskom is the direct supplier of electricity for the Betty’s Bay area.
• The purchaser must provide the Property with an adequate sewer conservancy tank (˃5000litre) which must comply with the standards of the Overstrand Municipality.
• All costs relating to the connections for water, sewer and electricity supply to the Property and any other services, if needed, including any required upgrades will be for the account of the purchaser.
• The purchaser will be responsible for all link and bulk services required to the Property.
• The purchaser will be responsible for all investigation levies and connection levies.
• The purchaser will be held liable for services availability fees on the Property and rates and taxes as from date of registration of the transfer of the Property in the Deeds Office.

GENERAL CONDITIONS:

• The Property is sold as it stands, "voetstoots", and the Municipality shall not be responsible for any defects in the Property whether patent or latent. The Property is moreover sold subject to all conditions and servitudes mentioned or referred to in the current title deed of the Property and to all such other conditions and servitudes which may exist in regard to the Property, including from any subdivision conditions, whether imposed by the local authority or any other person or body whomsoever. The Municipality shall not be required to point out the boundary beacons of the Property and shall not be liable for any deficiency in the extent of the Property which may be revealed on any survey or re-survey and shall not benefit by any excess.
• The purchaser will be responsible for all costs related to the transaction and development. This includes, but is not limited to, the Section 14 advertisement as required by Section 14 of Local Government: Municipal Finance Management Act (Act 56 of 2003) and attorney fees.

DETAILS:

• Erf No:  3226, Betty's Bay
• Erf Size:  1 456m²

PAYMENT TERMS:
10% Deposit & the Auctioneer's Commission at the commission rate applicable in accordance with the table below (including VAT);  Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.

COMMISSION STRUCTURE:
1.  Does not exceed R100,000.00 - 4.56% Commission Including VAT
2.  Exceeds R100,000.00 but does not exceed R200,000.00 - 4.56% Commission Including VAT
3.  Exceeds R200,000.00 but does not exceed R300,000.00 - 4.56% Commission Including VAT
4.  Exceeds R300,000.00 but does not exceed R600,000.00 - 4.56% Commission Including VAT
5.  Exceeds R600,000.00 but does not exceed R800,000.00 - 4.56% Commission Including VAT
6.  Exceeds R800,000.00 but does not exceed R1,000,000.00 - 3.99% Commission Including VAT
7.  Exceeds R1,000,000.00 but does not exceed R2,000,000.00 - 3.99% Commission Including VAT
8.  Exceeds R2,000,000.00 but does not exceed R4,000,000.00 - 3.31% Commission Including VAT
9.  Exceeds R4,000,000.00 but does not exceed R6,000,000.00 - 2.96% Commission Including VAT
10.  Exceeds R6,000,000.00 but does not exceed R8,000,000.00 - 2.96% Commission Including VAT
11.  Exceeds R8,000,000.00 but does not exceed R10,000,000.00 - 2.28% Commission Including VAT
12.  Exceeds R10,000,000.00 but does not exceed R15,000,000.00 - 2.28% Commission Including VAT
13.  Exceeds R15,000,000.00 but does not exceed R20,000,000.00 - 2.28% Commission Including VAT
14.  Exceeds R20,000,000.00 - 2.28% Commission Including VAT

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.
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 (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.

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.

CONTACT DETAILS:

Auctioneer: Claremart Group

Contact No: +27 21 425 8822

Email: [email protected]