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Auction Station > Auctions > , , , , , > ABBOTSFORD | REZONED DEVELOPMENT LAND – ending on 10 July

ABBOTSFORD | REZONED DEVELOPMENT LAND – ending on 10 July

Auction closed for price: R2,500,000.00
Auction ID:
#5556
Posted on:
18th of June 2020 at 9:01 AM
Watch List:
Item Specifics
Registration Fee Required
Bidding Instructions * Register Account * Pay Registration fee (Refundable) * Email proof of payment to verify account * Place Bid * Do Not wait until the last minute to register! *Winning Bidder to pay 15% Deposit into trust account.
Description

3422 m² Land available in Abbotsford on Auction
On auction! – Opening Bid – R2 400 000
11 Ready to build units in a beautiful quiet part of Abbotsford!
Place your auction bid and develop 11 brand new modern units in a secure complex in the sought after neighbourhood of Abbotsford.
Whether its to build or sell, or rent out, this property boasts endless possibilities. Take advantage of this once in a lifetime opportunity today.
**We already have buyers who will buy these units.
  • The property includes 3422sqm of approved and rezoned land with COMPLETED PLANS
  • Existing 3 bedroom, 2 bathroom house with a pool (Which can be kept or demolished)
  • Plans for 11×3 bedroom, 2 bathroom modern units (Valued +- R1 650 000 ea)
  • Approved Traffic Impact Assessment (TIA)
  • Approved zoning for 11 unit development

Contact Marcel: 072 850 1101   or Ryan: 083 228 3534  for more information.

 


How the process works:

By bidding on the auction, the bidder accepts and binds himself/herself to all the terms and conditions contained herein. https://auctionstation.co.za/home/wp-content/uploads/2020/06/TPS-ONLINE-Auction-Conditions-cash-offer-1.pdf

  1. Make yourself familiar with the property
  2. Chat to the agent regarding auction range and how the auction works
  3. If need be apply for PRE-AUCTION finance beforehand – click the link to complete the form
  4. Complete the terms and conditions – email or contact your agent
  5. Pay your refundable registration fee – Pay
  6. Place your bid – and monitor the process closely right until 12H00 in order to protect your bid.

    • PLEASE NOTE: Should you not have the full bid price cash or need part bank finance please contact the agent for assistance in making your bid. We have various partnerships and offer PRE-AUCTION Finance


COSTS and SPECIAL CONDITIONS

R10 000 refundable registration fee.

  1. Auctioneers commission of 10% (exc Vat) is added to the bid amount.
  2. The seller is responsible for vacant occupation on transfer
  3. The highest bidder will be required to pay a deposit of 15% of the purchase price immediately into the Thompson Trading Trust Account.
  4. The balance of the total purchase price is required within 30 days of acceptance or when called for by the conveyance.

The property will be knocked down conditionally and the Conditional Sale shall be binding upon the highest bidder and the second-highest bidder until the binding date and time referred to in the terms and conditions, subject to confirmation by the Seller who reserves the right of accepting or rejecting the highest bid.


SPECIAL CONDITIONS:

  1. The seller is a registered VAT vendor. If both parties are registered VAT Vendors. Subject to SARS acceptance, the transaction shall be zero rated VAT, alternatively VAT shall be payable by the Purchaser.
  2. The seller is responsible for vacant occupation.
  3. The development property is owned by a company and purchaser can choose after the auction to purchase the shares and interests in this company OR purchase the property from the sellers company.

AUCTIONEER

  • Brendon Thompson
  • 6 Batting Road, Beacon Bay, East London
  • E-mail: admin@tpsel.com
  • Tel: 085 300 1000

Posted Bids
UsernameBid AmountDate MadeWinner
STiniR2,500,000.0007-Jul-2020 15:26:18Yes
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