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Auction Station > Auctions > , , , , , > NAHOON RIVER || DEFAULT PURCHASER, VACANT LAND ON AUCTION || 17 JULY 12PM ON SITE

NAHOON RIVER || DEFAULT PURCHASER, VACANT LAND ON AUCTION || 17 JULY 12PM ON SITE

Auction ID:
#5606
Posted on:
22nd 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

BANK STRESSED PROPERTY

Last plot in the sought after Nahoon Sanctuary estate! Approved plans available.

This north facing tranquil property boasts one of East London’s best view points of the Nahoon river. The secure estate has been the leading forefront of local architecture. Just a few seconds walk down the path and you will find yourself on the river’s edge with a ample space to dock your boats/barge.

Don’t miss out.

Contact Mike: 082 651 8993

 

 

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 before hand – 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.

    Auctioneers commission of 10% (exc Vat) is added to the bid amount.
    The seller is responsible for vacant occupation on transfer
    The highest bidder will be required to pay a deposit of 15% of the purchase price immediately into the Thompson Trading Trust Account.
    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.

  • 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.
  • SPECIAL CONDITIONS:

    Building restrictions as per rezoning and subdivision regulations and servitudes (Addendum A). https://auctionstation.co.za/home/wp-content/uploads/2020/06/ADDENDUM-A-Height-Restrictions-1.pdf

    Signing the Home Owners association agreement to be formed.

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

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