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Auction Station > Auctions > , , > SMALLHOLDING | COVE RIDGE EAST – ending 23 June

SMALLHOLDING | COVE RIDGE EAST – ending 23 June

Auction closed for price: R1,100,000.00
Auction ID:
#5355
Posted on:
5th of June 2020 at 11:17 AM
Watch List:
Item Specifics
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

This lovely 11 hectare smallholding is only 5kms from the East London Airport and is close to all amenities.

Residential: There are 3 residential units located on the farm with options of a 3 bedroom house, large granny flat and a smaller bachelor unit. The main house consists of three bedrooms, two bathrooms, one study, kitchen, scullery, open plan lounge and dining area. Entertainment area with braai which overlooks the sparkling pool with a well maintained lawn.

Granny Flat has an open plan lounge(with fireplace), kitchen, two bedrooms and one bathroom. The bachelor flat consists of an open plan lounge, kitchen, bedroom and bathroom with shower, toilet and basin.

Various Outbuildings consist of a Single outside room (currently used as gym). Storeroom/ shed, 6 undercover parking bays.

Four tunnels and each tunnel with sprinkler system and piping including water tanks for tunnels.(To be sold separately) Small Faal Japie (John Deer) tractor with some basic implements. Stables for horses also located near the home.

The residence is fully electric fenced all around with an alarm system and beams installed.

Auction Date: Wednesday 23 June 2020 ending at 12h00

Contact Marcel – 072 850 1101 for a viewing or to make an offer.

 

How the process works:

By bidding on the auction, the bidder accepts and binds himself/herself to all the terms and conditions contained herein.

  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 conveyancer.

  • 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:

    No VAT payable, Transfer fees applicable.
    The seller is responsible for vacant occupation.
    Tunnels not included in the sale of the auction. May be purchased separately.

     

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

Posted Bids
UsernameBid AmountDate MadeWinner
andyR1,100,000.0019-Jun-2020 17:02:03Yes
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