Cluster on Auction in Paarl South

Description

INSTRUCTED BY TRANSNET SOC LIMITED Opening Bid: R4,000,000.00 ONLINE AUCTION Bidding Start Time: Wednesday 4 March 2026 @ 09:00 Registration is essential by Tuesday 3 March 2026. Auction Finance Available. For more information, please contact the listing agent. PROPERTY INFORMATION: ADDRESS: Portion of Remainder Erf 3097 & Erf 8673, Railway Street, Paarl SIZES: ± 15,464m² | ± 857m² The purchaser will be responsible for the subdivision of the property as per the disposal plan. LOCATION The subject property is essentially located alongside the Paarl Station. The station lies approximately 650m north of the N1 highway, situated in the Paarl South suburb. The subject property offers a central location with easy access to all amenities. ACCESS The subject property can be accessed off Railway Street which leads off Tabak Street. Tabak Street intersects Main Road in the north and south. Main Road–is the main traffic arterial route through Paarl. Public transport in this node is considered fair and the subject property is located in close proximity to the Paarl train station and local taxis. Furthermore, the bus service in this area is considered fair. Erf 8673: Servitudes Erf 8673 (as per Lightstone): Pipeline – 131.00m² Unclassified Urban – 47.00m² Pipeline – 230.00m² Unclassified Urban – 39.00m² The subject property hosts residential dwellings. Although the parent property measures 13.9859Ha, the approximate area to be sub-divided measures 16 321.00m². Dwelling 1 - Asset number - 01DBQ05C Size: 163.00m² Accommodation: 3 Bed; 1 Bath Maintenance Required Dwelling 2 - Asset number - 01DBQ04C Size: 212.00m² Accommodation: 4 Bed; 1 Bath Maintenance Required Dwelling 3 - Asset number - 01DBQ02C Size: 256.00m² 4 Bed; 1 Bath Maintenance Required Dwelling 4 - Asset number - 01EBQ01C Size: 169.00m² Acommodation: 3 Bed; 1 Bath Good Condition Additional Land Additional land measuring approximately 10 000m² is available. The drawing plan provided indicates that access is to be provided for excluded Transnet house 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.