Vacant Land / Plot On Auction in Verloren Estate

ONLINE AUCTION: Monday 30 September 2024 08:00 - 14:00

Verloren estate is a private wildlife estate where you and your pets can enjoy the freedom of living in a safe and secure environment, having the luxury of wildlife and magnificent views over the bushveld. There are building packages available to suit your requirements or you can make use of your architect.

The size of this beautiful piece of land is 2500m2 and is one of the many stands that haven’t been built on yet. The amazing view to the south, east, and west is mainly bushveld. The stand is about 150 – 200 meters from the road. Please note that the sale is not subject to viewing.

If you need the tranquility of the bushveld and wildlife, you cannot miss this opportunity!

TERMS AND CONDITIONS – 10% Buyers Commission:

This sale is subject to a 3-business day confirmation period starting the day

after the auction was held.

1. No offers will be accepted after the Auction.

Bidding / buying requirements

registration

3. Any Prospective bidder is obliged to:

3.1 Register to bid on the auction with:

Proof of ID document and FICA documents (any utility bill not older than 3

months) and if a prospective bidder is bidding on behalf of any legal entity,

such entity’s FICA documents and mandates to bid

PAYMENTS

4. The Purchaser/highest bidder is liable/ obliged to pay:

4.1 10% buyers commission (plus VAT) on top of the purchase price. This

payment must be paid by means of EFT or direct bank deposit directly after

the auction. No cheques / cash will be accepted.

4.2 The commission as stated will be refundable to the highest bidder

should the Seller decline the highest bidder’s bid.

4.3 In the event that the highest bidder’s bid is accepted by the seller the

10% paid by the highest bidder will become non-refundable.

5. The balance of the purchase price must be obtained by means of an

approved bond and or cash payment which approved bond or proof of

payment must be delivered by the purchaser within 30 calendar days after

the date of confirmation. The Purchaser has 10 days thereafter to deliver

either issued bond guarantees and/or bank guarantees.

6. No guarantees are given by the seller. The property is sold as is

“Voetstoots”. (Section 55 of the CPA does not apply to goods sold on auction)

7. Occupation of the property will be given on Registration

8. The SELLER gives no warranty or guarantee that the PURCHASER will

obtain vacant occupation of the property and the PURCHASER shall have no

claim of whatsoever nature against the SELLER to obtain vacant occupation.

9. All rates, taxes AND LEVIES will be paid up until date of Registration by

the Seller.

10. The seller will appoint the transfer attorneys.

11. The Bond attorneys will be appointed by the Bank / Bondholder.

12. The purchaser will, in addition to the purchase price, be responsible for the

payment of transfer costs, transfer duties or value added tax whichever is

applicable.

13. The Seller reserves the right to decline the highest bid.

14.The Seller will be responsible to acquire a COC certificate, electrical fence

certificate, gas certificate and/or a borehole certificate whichever is applicable.

15. in terms of Sect 45 of the Consumer Protection Act (Act 68/2008):

• This is a “Auction” as defined.

• Each lot is a separate transaction.

• A sale is complete when the Auctioneer announces its completion for

instance: “sold, the fall of the hammer, or any other.

• customary manner”

• The sale is subject to a reserve or upset price.

• the auctioneer reserves the right to bid on behalf of the owner (either

himself or any other person on his behalf until such

• reserve price is reached)

16. The Purchaser regards these terms and conditions as binding on

he/she/its executors, Legatees, Heirs, Successors in title and or assigned

respectively, as specified during the announcements irrespective of whether

he/she/it is present at the time such announcements are made. Special terms

and conditions relating to each auction may be announced prior to the

commencement of the auction and/or during the auction.

17. If the Purchaser breaches any of these Conditions of Sale, he/she shall be

liable to pay any cost incurred by the auctioneer because of the breach,

including but not limited to administration costs and legal costs as between

the attorney and own client including collection commission.

18. These Terms and Conditions constitute the agreement between the

parties as to the subject matter hereof and no agreement, representation, or

warranty between the parties other than those set out herein are binding on

the parties. The parties accept these Terms and Conditions and confirm that

they have read and understood all the terms and conditions contained herein

and agree that they are bound hereto.

19. The auctioneer’s decision will be final and binding. Should the purchaser

not adhere to any of the above conditions the auctioneer will reserve the right

to terminate the contract and resell the property to any other person without

notice.

20. If required, the purchaser must sign an addendum which stipulates the

rules of the estate.

Auctioneer - johan van der merwe