Great investment! Excellent for rental income or move in yourself!
||Wednesday, 19 April, 2017 - 11:00
||Very neat and well kept bachelors flat
||103 Juta street, unit 52 Times Square, Braamfontein, Johannesburg, Gauteng, South Africa
||Wednesday, 19 April, 2017 - 10:00
||Johan van der Merwe
||079 947 2926 / 012 993 0002
||To be confirmed
Terms & Conditions
SELLER: The auctioneer will announce the details before the auction takes place.
ADDRESS: ON SITE AUCTION – The auctioneer will announce the property description
before the auction takes place.
STAND SIZE: The auctioneer will announce the size of the property before the auction takes place.
1. This sale is subject to a 2 calendar day confirmation period starting on the day the auction is held.
2. No offers will be accepted after the Auction.
3. The Purchaser/highest bidder is liable/ obliged to pay 10% of the purchase price directly after the auction by means of EFT or direct bank deposit. No cheques / cash will be accepted.
3.1 This 10% will be utilized as follows: 7% utilized as buyers commission (No VAT applicable)
3 % utilized as deposit on the purchase price.
3.2 Both the deposit and commission as stated will be refundable to the highest bidder should the
Seller decline the highest bidder’s bid.
3.3 In the event that the highest bidder’s bid is accepted by the seller the 10% paid by the highest
bidder will become non-refundable.
4. Guarantees must be delivered by the purchaser within 30 calendar days after the date of confirmation.
5. No GUARANTEES are given by the seller. THE PROPERTY IS SOLD AS IS “VOETSTOOTS”.
6. OCCUPATION of the property will be given on Registration
7. 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.
8. All RATES, TAXES AND LEVIES will be paid up until date of Registration by the SELLER.
9. The SELLER will appoint the TRANSFER ATTORNEYS.
10. The BOND ATTORNEYS will be appointed by the BANK / BONDHOLDER.
11. The purchaser will, in addition to the purchase price, be responsible for the payment of value added tax (VAT) should the Seller be a registered VAT vendor.
12. The auctioneer’s decision will be final and binding.
13. The Seller reserves the right to decline the highest bid.
14. The purchaser will be responsible to acquire a COC (Certificate of Electrical compliance) and a borehole certificate and a certificate to prove that the water is acceptable for human consumption.
15. 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.
16. The Auctioneer reserves the right to bid on behalf of the seller up until the reserve price has been reached.
If required the purchaser must sign an addendum which stipulates the rules of the estate