February Multi-property Auction

February 2019 - Multi-property Auction

  •   Feb 28 @ 8:00AM SAST (Start)
  •   Mar 14 @ 4:00PM SAST (End)
  •   Add to Calendar

February 2019 - Multi-property Auction

 

Unit 12, The Point, 34 Kildoon Road, Bryanston

Unit 30, The Point, 34 Kildoon Road, Bryanston

Unit 47, Kalgaro Estate, 1 Swallo Drive, Douglasdale, Fourways

Unit 5 Hawthorn Gate, Hawthorn Village, cnr Fourways Boulevard and Short Street, Fourways

67 5th Road, Kew, Johannesburg

Portion 32, Farm 327, Kliprivier Drive, Olifantsvlei, Johannesburg

Rules of Auction

  • All bidders must register to participate by completing the Bidder Participation form and submitting this form along with the required FICA documents to our office for verification.

FICA Documents for individuals

Proof of identity (ID Document or Drivers License)

Proof of address (Utility bill)

Letter of Authority (if bidding on behalf of someone else)

FICA Documents for companies

Proof of identity (CIPC documents)

Proof of address (Utility bill)

Letter of Authority (Reoslution granting the company representative to bid on the auction)

  • The individual that will be bidding on behalf of the company must also present the FICA documents as listed above for individuals.
  • A registration deposit of R15,000.00 must be paid into the trust account in order for participation in the auction to be activated.
  • Registering for the auction does not guarantee the bidder participation. Only once all registration criteria have been met, will the bidder be given priviledges to bid.
  • The sale is automatically confirmed once the reserve price has been met. in the event that the reserve price is not met, the seller and the highest bidder may enter into negotiations in the attempt to confirm the sale.
  • The bid price is exclusive of VAT, however the bid price is subject to VAT.
  • There is a buyer's commission of 10% plus VAT chargeable on top of the bid price.
  • The total pruchase price will be the bid price plus the 10% buyer's commission plus VAT thereon.
  • Once the purchase has been confirmed the bidder must sign the Offer to Purchase and pay the 20% transaction deposit to our trust account. The R15,000.00 registration deposit may be used as part of the 20% payment.
  • Once the deposit has been paid, the Offer will be submitted to the seller to sign and accept and thereafter the contract will be given to our transferring attorneys for further processing.
  • All outstanding rates, utilities and levies amounts will be paid for by the seller.

This is an extract of the complete Rules of Auction. The complete Rules of Auction can be downloaded from the documents section in the auction details.