Commercial - Land on Auction in Highbury Park

Description

LIVE & ONLINE AUCTION PROPERTY DETAILS Erf 14079 (Unregistered portion of Remainder Erf 14062), 232 Highbury Road, Highbury Park, Kuilsriver, Western Cape ADDRESS 232 Highbury Road, Highbury Park, Kuisriver ZONING Community 1: Local (CO1) SIZE 2570m² All registrations will be closing on Wednesday, 25 February 2026 at 15:00. Please note that only registered bidders will be allowed access to the auction venue. No registrations will be allowed on the day of the auction. Registration Requirements: A R25,000 refundable registration fee payable. The following documentation are required to register for community zoned properties: NPO/GPO • Constitution or other founding document by which the NGO/GPO was created; • Resolution giving individual authority to act and sign on behalf of NGO/GPO; • Identity document of members and mandated officials authorised to transact on behalf of the NGO/GPO. • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • Income Tax Pin number of such persons; • Proof of trading address (Utility bill not older than 3 months reflecting physical address and in NGO/GPO’s name or a full valid lease agreement). If no proof of trading address is available, a letter from your auditor or an affidavit confirming the physical address will suffice; • Registration certificate with Department of Social Welfare; • PBO certificate issued by SARS; • SARS Tax Compliance PIN Status (For the NPO/GPO); • POPI Consent Form (For the Bidder and for the NPO/GPO); Payment Terms: An initial deposit of 10% (TEN) of the purchase price on the fall of the hammer; The Auctioneer’s Commission at the commission rate applicable in accordance with the table below (excluding VAT) at the fall of the hammer: Commission Percentage Rate (%) (excl VAT) of the Purchase Price (excl VAT) in Rand Value as recorded by auctioneers 1 R50 000 001 and above - 1% 2 R10 000 001 – R50 000 000 - 1.25% 3 R5 000 001 – R10 000 000 - 2% 4 R1 000 0001 – R5 000 000 - 3.5% 5 R500 001 – R1 000 000 - 3.75% 6 R500 000 and below - 4% For further information please contact The Claremart Group.