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POA

House On Auction in Pietermaritzburg Central

27 Pietermaritz Street, Pietermaritzburg Central, Pietermaritzburg

1 202 m²
- m²: 1 202 m²
- Hectares: 0.12 ha
- Acres: 0.297 acres

AUCTION

Contact Agent

Danielle Hoskins

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Liquidation Auction of Prime Properties Located In the Sought After Area of Pietermaritzburg

An Ideal Opportunity for Investors or End-Users

Portion 2 of Erf 2302 Pietermaritzburg: 27 Pietermaritz Street, Pietermaritzburg

A single storey residential dwelling converted into a supermarket. There is an additional area which has been added to the front of the existing building which is currently been used for extra space for the supermarket. The property has numerous improvements comprising of individual rooms to let.

Timed online auction:

Bidding opens on Wednesday, 6th Nov. 2024 at 10h00 & closes *from 10h00, Thursday, 7th Nov. 2024

*Online Auction Notes:

• If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min

• If any further bidding occurs, the extension timer will reset to 10 min.

• If no further bidding activity occurs, the lot closes when the timer runs out.

IMPORTANT NOTE: Due to the age of the...

An Ideal Opportunity for Investors or End-Users

Portion 2 of Erf 2302 Pietermaritzburg: 27 Pietermaritz Street, Pietermaritzburg

Timed online auction:

Bidding opens on Wednesday, 6th Nov. 2024 at 10h00 & closes *from 10h00, Thursday, 7th Nov. 2024

*Online Auction Notes:

• If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min

• If any further bidding occurs, the extension timer will reset to 10 min.

• If no further bidding activity occurs, the lot closes when the timer runs out.

IMPORTANT NOTE: Due to the age of the improvements, the older improvements on all the properties will be subject to AMAFA Regulations and any future alterations or development of these buildings or sites may be subject to the approval of Amafa/Heritage Board KZN.

Terms:

• R50,000 buyer's card deposit payable by EFT

• FICA to be provided

• “Above subject to change without prior notice

• Sale is subject to confirmation

• E&OE

• *Bidding is subject to Automatic staggered ending times

Buyer’s costs and liabilities

• VAT or Transfer Duty shall be applicable;

• 15% deposit on the purchase price payable on fall of hammer by successful bidder;

• 6% + VAT auctioneer’s commission is payable by successful bidder on fall of hammer;

• Occupation and possession of the property will be given by the seller to the purchaser on date of registration of transfer;

• Should occupation be prior to transfer, the Purchaser shall pay Interest to the Seller from the date of occupation until date of registration of transfer - The monthly interest shall be 12% per annum of the purchase price;

• The PURCHASER shall at his own cost obtain all compliance certificates (as applicable) and any further or additional documentation for effective registration of transfer or occupation of the property.

• The sale is subject to the seller confirming his acceptance of the sale within 14 working days;

• The Seller in no way gives warranty that the Purchaser shall obtain vacant occupation, on the date of occupation.