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Live auction for Waste To Food In Business Rescue

Live auction for Waste To Food In Business Rescue

Lots Closing: 11 Nov 2019 from 03:00 PM ZA

By order of Insolvency Practioners

Live Auction of Pre-Composting Food Waste Plant

Items That Will Be Auctioned Include

Hotrot 1811 in-vessel composting system (feed hopper, simpro dump master electro-hydraulic bin lifter
Auger
Conveyer
Insulated hull, digesters
CL935 wheel loader 00325
8 Hrs #HY110409 (needs mechanical attention to transmission)
Jarnsmior mobile compost trommel screening plant with hopper and conveyer
6m shipping containers
Open side 6m metal containers
Worm hammocks (homebuilt) (Approx. 26)
Wheelie bins (Approx. 84)
Green tunnel
G-Pak pedal sealing machine bag sealer
Newlong Ind bag stitcher

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 registration fee of R5 000 and FICA documentation.

Notice To Purchasers

Buyers Premium : 10%
VAT / Tax : 15%
Payment Date : 12 November 2019
Payment Type : Wire Transfer
Collection Date : 12; 13 & 14 November 2019

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 assets 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 assets 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:   11 Nov 2019 11:00 AM
    Bidding Closes:   11 Nov 2019 03:00 PM

    Asset Location:
    10 Evelyn Road, Retreat, Cape Town
    Phillipi Fresh Market, Corner of Stock and Market Road, Phillipi East, Cape Town

    Viewing Details:
    Friday, 8 November 2019, from 10:00 - 15:00 @ Phillipi Fresh Market, Corner of Stock and Market Road, Phillipi East, Cape Town

 Contact Details
  • Contact:   Jan Eksteen

    Email:   jan.eksteen@liquidityservices.com
    Mobile:   +27 (0) 82 806 8459
    Tel:   +27 (0) 21 702 3206

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