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Liquidation auction of residential property within Brakpan - Gauteng

Liquidation auction of residential property within

Lots Closing: 10 Dec 2019 from 10:00 AM ZA

By order of The Liquidators representing Express Auctioneers and Shared Services

Liquidation auction of residential property within Brakpan, Gauteng. Boasting an extent of ± 991m² within a well sought-after residential area. This property is suited for refurbishment or redevelopment

Featuring a residential dwelling with a double garage, an outbuilding, a lapa area, swimming pool and secured with viber crete panel perimeter fencing. This is property is suited for refurbishment or redevelopment.

Locality

Situated along Gladstone Street, Brakpan Central and just 90kms east from Johannesburg CBD.

Executive Summary

Erf 368 Brakpan, Ekurhuleni Metropolitan Municipality , Gauteng
8 Gladstone, Brakpan Central
Extent: ± 991m²

Auction Notes

Please note that in order to be approved for bidding, you are required to send us: the participation form (under downloadable documents), proof of payment of a R 10 000 registration fee and FICA documentation

Notice To Purchasers

Buyers Premium : 5% Deposit of 10% and Buyer's Premium of 5% (plus vat on buyer's premium only) to be paid at the fall of the hammer and the balance of the purchase price shall 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

Additional Notes

This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
Consumer Protection Act 68 of 2008
Consumer Protection Act 68 of 2008 - Regulations

The Bidders Attention Is Drawn To The Following

The Rules of Auction can be found under the downloadable documents tab
The property will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the assets prior to the auction.
The Sale of the property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.

Sale / Auction Is Subject To

A reserve or upset price
All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
A refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price

 Event Details
  • Bidding Opens:   10 Dec 2019 10:00 AM
    Bidding Closes:   10 Dec 2019 10:00 AM

    Asset Location:
    8 Gladstone, Brakpan Central, Gauteng

    Viewing Details:
    Please contact Pieter Rushmer

 Contact Details
  • Contact:   Pieter Rushmer

    Email:   pieter.rushmer@liquidityservices.com
    Mobile:   +27 (0) 83 710 7005
    Tel:   +27 (0) 21 702 3206

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