On-Site auction for Orbit Coach Works in liquidation

On-Site auction for Orbit Coach Works in liquidati

Lots Closing: 03 Dec 2019 from 11:00 AM ZA

By order of The Liquidator

Live auction of vehicle repairs and fitment centre equipment

Items That Will Be Auctioned Include

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% Buyers Premium on vehicles: 10%
VAT / Tax : 15%
Payment Date : Wednesday, 04 December 2019
Payment Type : Wire Transfer
Collection Date : 4, 5 & 6 December 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 R5 000 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