Commercial - Land on Auction in Highbury Park

Description

ONLINE AUCTION (Telephonic Bidding Available) 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% “In terms of the Consumer Protection Act 68 of 2008 and Regulation 28 thereof, this auction is conducted subject to the Rules of Auction which are available for inspection. The seller, or a person acting on behalf or the auctioneer of the seller, may bid at this auction. Such bids will be considered as vendor bids. The auctioneer may also place bids on behalf of the seller up to a disclosed reserve price but not exceeding it. No vendor bid may be made after the reserve price has been reached. The highest accepted bid will be binding, subject to confirmation by the seller where applicable. By participating in this auction, bidders acknowledge that they understand and accept these rules.” For further information please contact The Claremart Group.