House in Geduld

DATE OF AUCTION: Thursday, 21 September 2023

TIME OF AUCTION: 11H00

VIEWING: 10H00 to 11h00 on Day of Auction

ADDRESS: 17 9th Avenue, Geduld, Springs

An auction in association with XpressSale Auctioneers.

Your opportunity to own a commercial property consisting of 2 stands with 3 buildings.

The property is currently used by a business trading in dairy products.

The property provides high exposure with amble parking.

Improvements consist of:

Building 1: display area, secure cashier area, office area, store rooms (one with cold room paneling) and more (display fridges are excluded).

Building 2: 3 bedroom house with 2 living areas, kitchen and bathroom. Needs TLC.

Building 3: single garage and store room.

Display fridges as per photos are excluded.

Bidders pack and more information are available request.

REQUIREMENTS TO BID:

Refundable Registration Deposit of R 10 000 (No cash accepted, only EFT).

Identity document and proof of address required to register as bidder.

SUMMARY OF AUCTION CONDITIONS:

VAT of 15% (FIFTEEN PERCENT) on highest bid

10% (TEN PERCENT) Buyers Commission calculated on the highest bid (NO VAT applicable).

13% (THIRTEEN PERCENT) deposit calculated on the highest bid and payable at the fall of the hammer.

Remaining purchase price payable within 30 days.