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.
