Vacant Land / Plot On Auction in Kleinmond Central

INSTRUCTED BY OVERSTRAND MUNICIPALITY

AUCTION DETAILS:

• On-Site Auction at Protea Dorp Community Hall, Main Road, Kleinmond

• Auction Date and Time: Wednesday, 13 November 2024 at 10:00 - 11:00

• For more information, please contact the listing agent.

DESCRIPTION:

• Property details: Remainder of Erf 4324, 59 Fourth Avenue, Kleinmond

• Erf Extent: 564m²

• Zoning: Residential Zone 1: Single Residential.

• The Purchaser must note that there is an electrical kiosk in front of the Property which must not be damage. This electrical infrastructure is on a subdivided portion of the Property which is already registered in the Deeds Office.

• The Property is sold as it stands, "voetstoots", and the Municipality shall not be responsible for any defects in the Property whether patent or latent. The Property is moreover sold subject to all conditions and servitudes mentioned or referred to in the current title deed of the Property and to all such other conditions and servitudes which may exist in regard to the Property, including from any subdivision conditions, whether imposed by the local authority or any other person or body whomsoever. The Municipality shall not be required to point out the boundary beacons of the Property and shall not be liable for any deficiency in the extent of the Property which may be revealed on any survey or re-survey and shall not benefit by any excess.

• The purchaser will be responsible for all costs related to the transaction and development. This includes, but is not limited to, the Section 14 advertisement as required by Section 14 of Local Government: Municipal Finance Management Act (Act 56 of 2003) and attorney fees.

• Showday: View at leisure.

PAYMENT TERMS:

10% Deposit & the Auctioneer's Commission at the commission rate applicable in accordance with the table below (including VAT); Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.

Commission structure:

1. Does not exceed R100,000.00 - 4.56% Commission Including VAT

2. Exceeds R100,000.00 but does not exceed R200,000.00 - 4.56% Commission Including VAT

3. Exceeds R200,000.00 but does not exceed R300,000.00 - 4.56% Commission Including VAT

4. Exceeds R300,000.00 but does not exceed R600,000.00 - 4.56% Commission Including VAT

5. Exceeds R600,000.00 but does not exceed R800,000.00 - 4.56% Commission Including VAT

6. Exceeds R800,000.00 but does not exceed R1,000,000.00 - 3.99% Commission Including VAT

7. Exceeds R1,000,000.00 but does not exceed R2,000,000.00 - 3.99% Commission Including VAT

8. Exceeds R2,000,000.00 but does not exceed R4,000,000.00 - 3.31% Commission Including VAT

9. Exceeds R4,000,000.00 but does not exceed R6,000,000.00 - 2.96% Commission Including VAT

10. Exceeds R6,000,000.00 but does not exceed R8,000,000.00 - 2.96% Commission Including VAT

11. Exceeds R8,000,000.00 but does not exceed R10,000,000.00 - 2.28% Commission Including VAT

12. Exceeds R10,000,000.00 but does not exceed R15,000,000.00 - 2.28% Commission Including VAT

13. Exceeds R15,000,000.00 but does not exceed R20,000,000.00 - 2.28% Commission Including VAT

14. Exceeds R20,000,000.00 - 2.28% Commission Including VAT

REGISTRATION REQUIREMENTS:

To bid at the auction you need to provide a copy of your identity document and current proof of residence (not older than 3 months).

No nominations will be accepted!!

i.e. Your Bidders card will reflect the name in which the property will be registered.

All relevant documentation will be required for registering on behalf of a person/entity as follows:

PERSON:

* Copy of your ID & your Spouse’s (if married in community of property)

* Proof of residence no older than 3 months

* Letter of authority from spouse (if married in community of property)

* Tax Clearance Certificate for both yourself and spouse (if married in community of property)

COMPANY:

* Company Registration documents

* Resolution signed by all Shareholders authorising bidder

* Copy of all Shareholders/Directors ID

* Proof of Company Address - not older than 3 months

* Company Tax Clearance Certificate

TRUST:

* Trust Registration documents

* Resolutions signed by all Trustees authorising Bidder

* Copy of all Trustee’s IDs

* Proof of Trust Address not older than 3 months

* Trust Tax Clearance Certificate

All relevant documentation will be required for registering on behalf of a Non-Profit organisation as follows:

* Valid certificate of registration as a non-profit organisation/welfare organisation (NPO Certificate)

* Section 21 company registration documents

* Resolution signed by all directors/office bearers authorising bidder

* Copy of director’s/office bearers ID’s

* Proof of organisation’s address not older than 3 months

* Organisation’s Tax clearance certificate/Public Benefit Organisation certificate (PBO Certificate)

PLEASE NOTE: All Resolutions must be completed correctly or they will NOT be accepted. They must AUTHORIZE the bidder

to BID ON BEHALF OF as well as SIGN ANY AND ALL DOCUMENTATION REQUIRED to pass transfer.

DISCLAIMER:

The information supplied in this advert does not constitute a warranty of any kind or nature by the Sellers of the property or by the Auctioneers. Bidders must conduct their own investigations prior to bidding.

The Claremart Group is a leader in commercial and residential properties. We attract huge crowds to our auctions and consistently match and exceed the mandated price on properties sold under our hammer.