Liquidation Sale of Massive Agricultural Property, Elands Bay, WC

Liquidation sale of a massive agricultural property ±30kms from Elands Bay within the Western Cape. Boasts an extent of ±630Ha with improvements
Lot Closing: 30 April 2020
Sale Method: Make an Offer
By order of:

ABSA as Power of Attorney

FEATURING

General description:
Agricultural property previously used for grazing purposes. It boasts 10 boundaries and two access points. Situated along R366 Regional Highway, approximately 30kms from Elands Bay and located on the upper West Coast of the Western Cape Province. It boasts a residential dwelling, a shed and a farm utility dwelling (storage of farming equipment and consumables) as well as 4 plastic water storage tanks, a cattle kraal, a partly constructed swimming pool and site improvements consist of perimeter fencing, access gates on both entrances, a borehole, an irrigation system, an electrical substation, a natural water reservoir and a pump house. Serviced by Eskom and the main water sources are the Verlorenvlei as well as the Oliphant’s and Doring Rivers.

 

Executive summary:

  • Ptn 40 of Farm 1 Bonteheuvel Reg Div: Piketberg Rd Western Cape
  • Along R366 Regional Road, Elands Bay (GPS: 32°22’24.3″S 18°30’02.3″E)
  • Extent: ±637.5889Ha

 

NOTE TO PURCHASERS

Auction Notes:

Completed Offer To Purchase document to be submitted.

Buyers Premium:

10% of purchase price payable on acceptance of offer by seller. Balance of the purchase price to be paid within 30 (thirty) days from receipt of a written request to that effect from the transferring attorneys.

VAT / TAX:

15%

Payment Type:

Wire Transfer

Collection Date:

n/a

ADDITIONAL NOTES

The Bidders Attention Is Drawn To The Following:

 

10% of purchase price payable on acceptance of offer by seller.

 

Sale Notes

  • The assets will be sold “Voetstoots” or “as is where is”. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
  • The Sale of the assets is non-suspensive and not subject to any feasibility or any other condition required by the buyer.

EVENT DETAILS

Bidding Opens:

Accepting Offers Immediately

Bidding Closes:

30 April 2020

Asset Location:

Along R366 Regional Road, Elands Bay

Viewing Details:

By appointment

CONTACT DETAILS

Contact:

Catherine Pritchard

Telephone:

+27 (0) 21 702 3206

DOWNLOADABLE DOCUMENTS