NorthWest Transport Investments SOC (NTI) - Multi-Property Auction

**ONLINE AUCTION**

NorthWest Transport Investments SOC - Multi-Property Auction

  •   Feb 24 @ 9:00am SAST (Start)
  •   Feb 24 @ 3:00pm SAST (End)
  •   Add to Calendar

**ONLINE AUCTION**

NorthWest Transport Investments SOC - Multi-Property Auction

Notice to Bidders

Lot 1: Erf 2445, Lehurutshe Unit 2, Northwest Province - Download Information Pack

Lot 2: Erf 3261, Itsoseng Unit 3, Northwest Province - Download Information Pack

Lot 3: Erf 5204, Mabopnae Unit A, Gauteng Province - Download Information Pack

Lot 4: Erf 1518, Mogwase Unit 1, Northwest Province - Download Information Pack

Lot 5: Erf 2862, Pampierstad-1, Northern Cape Province - Download Information Pack

Lot 6: Erf 2970, Pampierstad-1, Northern Cape Province - Download Information Pack

Lot 7: RE of Portion 1, Farm Leeuwkraal 92, Gauteng Province - Download Information Pack

IMPORTANT! Notice to Bidders

Please read the 4 Dimension Auctions Rules of Auction governing the conduct of this auction.

  • Buyers Commission is charged at 10% plus VAT which is calculated on the bid price. The buyers commission will be added to the bid price, plus VAT when required, constituting the total purchase price.
  • The bid price is subject to VAT.

** IMPORTANT NOTICE **

By clicking on accept, you, the bidder, bind yourself to the full Rules of Auction, not only the rules as displayed, for this auction and hereby request to be added to the Bidders Record. You also give consent for 4 Dimension Auctions to use this auction's information in any marketing material or campaign conducted by 4 Dimension Auctions.

The highlighted rules below are just an extract of the Special Rules of Auction for this auction and are not all the rules that apply to this auction.

  1. All bidders are bound to the Rules of Auction when accepting this message.
  2. A registration deposit is required before being allowed to participate on this auction. The amount of the deposit can be found in the Notice to Bidders for the specific auction.
  3. All bidders must email to 4 Dimension Auctions their proof of ID and proof of physical address for registration.
  4. The bid price is subject to the addition of VAT.
  5. A buyers commission will be added to the bid price. The amount of the commission can be found in the Notice to Bidders for  this specific auction.
  6. The bidder with the highest bid will be delcared the purchaser.
  7. The purchaser will immediately upon the close of the auction sign an Offer to Purchase.
  8. The purchaser shall make all payments as per the Offer to Purchase.
  9. The purchaser will be liable for all the arrears in rates and utilities.
  10. The purchaser will be liable for all the required compliance certificates for the transfer of the property.
  11. The parties undertake on request to provide the Conveyancing attorney with documentation necessary to comply with FICA (Financial Intelligence Centre Act)
  12. If the Seller is a non-resident of the Republic of South Africa, the Seller acknowledges that provisions of Section 35Aa of the Income Tax Act are applicable.

DISCLAIMER: Please ensure that you take note of the condition of the property/ies that you are considering purchasing. It is the responsibility of the bidder to ensure that they are informed as to the condition of the property and the exact values of the Municipal arrears in the cases when the bidder is responsbile for the payment thereof. 4 Dimension Auctions supplies some of this information as a service to the bidder, but does not guarantee the accuracy thereof.

Rules of Auction available here

Online Bidding Procedure