House on Auction in Daleside

Description

INSTRUCTED BY TRANSNET SOC LIMITED Opening Bid: R1,000,000 PROPERTY INFORMATION: ADDRESS: 6 Bokmakierie Street, Daleside SIZE: ± 19,998m² The purchaser will be responsible for the subdivision of the property as per the disposal plan. LOCATION The subject property is located on Erf 698 Witkop also known as Randvaal / Daleside. The area falls under the Midvaal Local Authority. Surrounding properties offers a mix of vacant developed erven. Surrounding suburbs include Pendale AH and Valley Settlements AH across the R59 highway, Henley-on-Klip, Highbury and Meyerton to the south. ACCESS The main entrance is on Bokmakierie Street which runs parallel to the railway line and R59 Highway. Public transport in this node is considered fair. Furthermore, the bus service in this area is considered fair. The subject property hosts two residential houses and a large vacant land portion which are to be auctioned as one unit. As per overhead measurement, the vacant portion measures 24 000.00m². The subject properties appear to be occupied. House 5 has a below-par appeal and requires maintenance and repairs of most trades. House no 6 appears to be in an overall acceptable condition (maintained over the years). House no 5: Asset number 01AH071J Size: 100m² Accommodation: (Assumed - no access obtained) 3 Bedrooms, 2 bathrooms with an outbuilding House no 6: Asset number 01AH072J Size: 100m² Accommodation: (Assumed - no access obtained) 3 Bedroom, 2 bathrooms with an outbuilding Site Improvements The houses appear to be fenced. The vacant land portion are open on all sides. No other visible improvements. Additional Land A large vacant portion runs along the railway line and the R59 Highway. As per overhead measurement, the vacant portion measures 24 000.00m². NOTES: • The property is sold subject to confirmation. • The property is sold Voetstoots with no repairs to be done by the Seller. • Vacant occupation on Registration of Transfer is not guaranteed by the Seller or Auctioneer. • Purchaser will be responsible for any Certificates of Compliance necessary to pass transfer. • Purchaser will be responsible for settling all outstanding municipal accounts, if any, prior to transfer. • 10% Deposit and 5% Auctioneer’s fee, plus VAT thereon, payable on the fall of the hammer. • Seller is VAT registered and VAT will be applicable to the transaction. PAYMENT TERMS: 10% Deposit & 5% Auctioneers fee (Excluding VAT on fee); Payable on the fall of the hammer by means of EFT only. Balance payable within 30 business days after acceptance. REGISTRATION: A R25,000 registration fee payable by EFT is required to register together with ID & FICA documents. The registration fee is refundable should you not be the successful bidder. All relevant documentation will be required for registering on behalf of a person/entity as follows: PERSON: • Copy of your ID & your Spouse’s ID (if married in community of property) • Proof of residence no older than 3 months • Letter of authority from spouse (if married in community of property) • Tax Clearance Certificate for both yourself and spouse (if married in community of property) COMPANY: • Company Registration documents • Resolution signed by all Shareholders authorising bidder • Copy of all Shareholders/Directors ID • Proof of Company Address - not older than 3 months • Company Tax Clearance Certificate TRUST: • Trust Registration documents • Resolutions signed by all Trustees authorising Bidder • Copy of all Trustee’s IDs • Proof of Trust Address not older than 3 months • Trust Tax Clearance Certificate All relevant documentation will be required for registering on behalf of a Non-Profit Organisation as follows: • Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate) • Section 21 company registration documents • Resolution signed by all directors/office bearers authorising bidder • Copy of director’s/office bearers ID’s • Proof of Organisation’s address not older than 3 months • Organisation’s Tax clearance certificate/Public Benefit Organisation certificate (PBO Certificate) PLEASE NOTE: All Resolutions must be completed correctly or they will NOT be accepted. They must AUTHORIZE the bidder to BID ON BEHALF OF as well as SIGN ANY AND ALL DOCUMENTATION REQUIRED to pass transfer. DISCLAIMER: The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding. A structural survey has not been conducted. Neither the Seller or Auctioneer warrant the availability of any building plans and the property will not be sold subject to the provision of such plans. Neither the Seller nor the Auctioneer warrant vacant occupation of the property. It will be the Purchaser’s responsibility