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Online Auction for Sibanye Stillwater of Property Portfolio

Online Auction for Sibanye Stillwater of Property

Lots Closing: 04 Dec 2019 from 02:00 PM ZA

By order of Sibanye Stillwater

Online auction of Sibanye Stillwater Property Portfolio located throughout Rustenburg, North West. Featuring 25 residential properties all priced to sell

Extents ranging from ±892m² to ±5710m² properties are vandalised, neglected and require attention.

Auction Notes

Bidders and participants who wish to take part in the auction are required to register online prior to the event.
Registration and approval of your bidding status is subject to completion of the registration form, submission of your FICA documents, declaration of interest and authority & consent to perform credit bureau profile verification and upon receiving proof of payment of the R5 000 which is a refundable deposit & may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT).
Bidders are advised to make themselves aware of all property features including but not limited to the property information packs which include the specific Conditions of Sale for each property, Title Deed, Zoning and SG Diagrams. GoIndustry DoveBid and Sibanye Stillwater does not warrant the accuracy of the information and we have taken the information as being correct at the time of auction. All interested bidders are to familiarise themselves with the properties and perform their own assessment thereon.
The sale of these properties are subject to Value Added Tax charged at 15%.
Deposit of 10% and buyer's premium 5% plus VAT immediately after the sale, balance of the purchase price (plus VAT)on registration of transfer.
Please note: the properties list is subject to change and we therefore reserve the right to amend the website accordingly.

Notice To Purchasers

Buyers Premium : 5% Deposit of 10% and buyer's premium of 5% plus VAT to be paid upon receipt of the invoice and the balance of the purchase price shall be paid upon 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:   29 Nov 2019 02:00 PM
    Bidding Closes:   04 Dec 2019 02:00 PM

    Asset Location:
    Rustenburg, North West, South Africa

    Viewing Details:
    By appointment only on: 02 December 2019 from 10:00 to 14:00

 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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