Farm on Auction in Cedara

Description

INSTRUCTED BY TRANSNET SOC LIMITED Opening Bid: R2,000,000 Bidding Start Time: Wednesday 4 March 2026 @ 09:30 Registration is essential by Tuesday 3 March 2026. Auction Finance Available. For more information, please contact the listing agent. PROPERTY INFORMATION: ADDRESS: Portion 168 of Farm Drie Fonteinen No. 952, FT, Cedara, Kwazulu-Natal The purchaser will be responsible for the subdivision of the property as per the disposal plan. Size: ± 9,296m² LOCATION: The subject property is essentially located on the outskirts of Cedara, some 5km from Howick. ACCESS: Access to the property is heading west on the N3 freeway past Pietermaritzburg towards Howick. Then past Etham College Hilton on the left. Take the R103 Offramp, at the T-Junction turn right, continue for approximately 2 kilometres the property will be situated on the right via an informal gravel road. The subject property can be considered to have a slightly remote locality and does not form part of a larger residential or commercial area. House 1 (Asset number - 01AP059U) Size: 146.00m² This is an older, railway type dwelling with an estimated size of 148m², constructed with "clinker" brick and plastered below floor level. The roof is a timber structure covered by with corrugated iron roofing. The windows are steel. The property also has an outbuilding. The property including the improvements appear to be adequately maintained. External painting required in the near future. House 2 (Asset number - 01AP060U) Size: 118.00m² This is an older, railway type dwelling with an estimated size of 118m², constructed with "clinker" brick. To the rear are two outbuildings. One of the outbuilding's roof has been removed. The roof is a timber structure covered by with corrugated iron roofing. The windows are steel. Overall, the main improvements as well as the site improvements appear to be adequately-maintained except for the outbuilding roof that needs to be replaced. The condition of the main dwelling is considered to be well- maintained the roof needs painting. The external fencing consists of wired fencing which is in adequate condition. House 3 (Asset number - 01AP058U) Size: 111.00m² This is an older, railway type dwelling with an estimated size of 111m², constructed with "clinker" brick. The roof is a timber structure covered by with corrugated iron roofing. The windows are steel. To the rear is an outbuilding and to the front is an thatched rondavel. As viewed from the exterior, the dwelling and outbuilding is in an acceptable condition. The external doors at the outbuilding need painting. House 4 (Asset number - 01AP061U) Size: 107.00m² This is an older, railway type dwelling with an estimated size of 107m², constructed with "clinker" brick. To the rear is one outbuilding. The roof is a timber structure covered by with corrugated iron roofing. The windows are steel. The main dwelling roof needs painting. From the exterior the main improvements appear to be well- maintained. The wire boundary fence appear to be well- maintained. From the exterior it was noticed that the main dwelling roof needs painting. House 5 (Asset number - 01DP010U) Size: 103.00m² This is an older, railway type dwelling with an estimated size of 103m², constructed with "clinker" brick and plastered walls. The roof is a timber structure covered by with corrugated iron roofing. The windows are steel. And to the rear is an outbuilding. As viewed from the exterior, the dwelling and outbuilding is in an acceptable condition. 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