ONSITE AUCTION: Tuesday 4 February 2025 @ 11:00 Viewing @ 10:00
This amazing property is situated very centrally in Rubenstein Road in Pretoria East. It’s close to malls, schools, hospitals, churches, the casino, country clubs and 20km from the airport. It is situated where there is quick access to major highways. 12 Luxurious on-suite rooms and secure parking. This Boutique Guest House also offers a beautiful entertainment area with a bar and function room that can be rented out. Don’t miss out on this beautiful property!
TERMS AND CONDITIONS
7% Buyers Commission: This sale is subject to a 3-business day confirmation period starting the day
after the auction was held.
1. No offers will be accepted after the Auction.
Bidding / buying requirements registration
3. Any
Prospective bidder is obliged to:
3.1 Register to bid on the auction with Proof of ID document and FICA documents (any utility bill not
older than 3 months) and if a prospective bidder is bidding on behalf of any legal entity, such entity’s
FICA documents and mandates to bid, and
3.2 Pay before the auction a refundable deposit of R10 000 (TEN THOUSAND RAND) to participate in
such an auction. Should a Bidder be the highest bidder and he/she is unable to meet the auction
requirements in terms of payments; this registration fee will be forfeited. Deposit payments to be
made to: Contact us for banking details.
Payments
4. The Purchaser/highest bidder is liable/ obliged to pay:
4.1 7% buyer commission (plus VAT) on top of the purchase price. This payment must be paid using
EFT or direct bank deposit directly after the auction. No cheques/cash will be accepted.
4.2 The commission as stated will be refundable to the highest bidder should the Seller decline the
highest bidder’s bid.
4.3 If the highest bidder’s bid is accepted by the seller the 7% paid by the highest bidder will become
non-refundable.
5. The balance of the purchase price must be obtained using an approved bond and or cash payment
which approved bond or proof of payment must be delivered by the purchaser within 30 calendar
days after the date of confirmation. The Purchaser has 10 days thereafter to deliver either issued
bond guarantees and/or bank guarantees.
6. No guarantees are given by the seller. The property is sold as “Voetstoots”. (Section 55 of the CPA
does not apply to goods sold on auction)
7. Occupation of the property will be given on Registration
8. The SELLER gives no warranty or guarantee that the PURCHASER will obtain vacant occupation of
the property and the PURCHASER shall have no claim of whatsoever nature against the SELLER to
obtain vacant occupation.
9. All rates, taxes, AND LEVIES will be paid up until the date of Registration by the Seller.
10. The seller will appoint the transfer attorneys.
11. The Bond attorneys will be appointed by the Bank / Bondholder.
12. The purchaser will, in addition to the purchase price, be responsible for the payment of transfer
costs, transfer duties, or value-added tax whichever is applicable.
13. The Seller reserves the right to decline the highest bid.
14.The Seller will be responsible to acquire a COC certificate, electrical fence certificate, gas
certificate and/or a borehole certificate whichever is applicable.
15. in terms of Sect 45 of the Consumer Protection Act (Act 68/2008): • This is a “Auction” as
defined. • Each lot is a separate transaction. • A sale is complete when the Auctioneer announces its
completion for instance: “sold, the fall of the hammer, or any other. • customary manner” • The sale
is subject to a reserve or upset price. • the auctioneer reserves the right to bid on behalf of the
owner (either himself or any other person on his behalf until such • reserve price is reached)
16. The Purchaser regards these terms and conditions as binding on he/she/its executors, Legatees,
Heirs, and Successors in title and or assigned respectively, as specified during the announcements
irrespective of whether he/she/it is present at the time such announcements are made. Special
terms and conditions relating to each auction may be announced before the commencement of the
auction and/or during the auction.
17. If the Purchaser breaches any of these Conditions of Sale, he/she shall be liable to pay any cost
incurred by the auctioneer because of the breach, including but not limited to administration costs
and legal costs as between the attorney and own client including collection commission.
18. These Terms and Conditions constitute the agreement between the parties as to the subject
matter hereof and no agreement, representation, or warranty between the parties other than those
set out herein are binding on the parties. The parties accept these Terms and Conditions and confirm
that they have read and understood all the terms and conditions contained herein and agree that
they are bound hereto.
19. The auctioneer’s decision will be final and binding. Should the purchaser not adhere to any of the
above conditions the auctioneer will reserve the right to terminate the contract and resell the
property to any other person without notice.
20. If required, the purchaser must sign an addendum that stipulates the rules of the estate.
Auctioneer - johan van der merwe
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