LENASIA PROPERTY AUCTION The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied. Page | 1 CORPORATE DISPOSAL INDUSTRIAL YARD – ALRODE SOUTH ERF SIZE: 4 920m 2 IDEAL FOR STORAGE, PARKING OR SCRAP YARD Cnr Lebombo & Drakensberg Blvd l Alrode South WH Auctioneers Properties (PTY) Ltd 578 16 th Road, Randjespark, Midrand Tel: 0115745700 www.whauctions.com PROPERTY ON AUCTION BID LIVE AND VIA WEBCAST Auction Date & Time: Tuesday 26 May 2020 – 12h00 Auction Venue: Live on-site – Cnr Lebombo Rd and Drakensberg Blvd, Alrode South Webcast bidding available Due to COVID-19 only registered bidders will be allowed to bid live at the property. No onlookers or walk-ins will be granted access. Sanitizer and face masks available at the auction. Alternatively, WEBCAST bidding is available. See below for details. Viewing by appointment ONLY Contact for further info: Joshua Pelkowitz Cell: 072 536 5482 • Email: [email protected]
Transcript
LENASIA PROPERTY AUCTION
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 1
CORPORATE DISPOSAL
INDUSTRIAL YARD – ALRODE SOUTH
ERF SIZE: 4 920m2
IDEAL FOR STORAGE, PARKING OR SCRAP YARD
Cnr Lebombo & Drakensberg Blvd l Alrode South
WH Auctioneers Properties (PTY)
Ltd
578 16th Road, Randjespark,
Midrand
Tel: 0115745700
www.whauctions.com
PROPERTY ON AUCTION
BID LIVE AND VIA WEBCAST Auction Date & Time: Tuesday 26 May 2020 – 12h00
Auction Venue: Live on-site – Cnr Lebombo Rd and Drakensberg Blvd, Alrode South
Webcast bidding available
Due to COVID-19 only registered bidders will be allowed to bid live at the property. No onlookers or walk-ins will be granted access. Sanitizer and face masks available at the auction. Alternatively, WEBCAST bidding is available. See below for details. Viewing by appointment ONLY Contact for further info:
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 2
Index
1. Background for Disposal Page 3
2. Guidelines to Auction Page 4
3. General Page 7
4. Title Deed Information Page 7
5. Locality Page 7
6. Description of Improvements Page 8
7. Site Layout Page 8
8. Site Photographs Page 9
9. Municipal Accounts Page 10
10. Title Deed Page 14
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 3
1. BACKGROUND AND REASON FOR DISPOSAL WH Auctioneers Properties has been duly instructed by LAFARGE MINING SA (PTY LTD) to assist with the disposal of non-core property assets by way of public auction. The Lafarge Group is undergoing a consolidation process, with non-core asset disposals being one of the mechanisms in the process.
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 4
2. GUIDELINE FOR THE AUCTION
Registration: Bidders can register at any time prior to auction by contacting the auction house. Identity and FICA documents are required in order to register for the auction.
All potential buyers are required to pay a registration fee of R25 000 in order to bid at the auction. This amount can be paid either by bank guaranteed cheque or EFT into the Auctioneer’s trust account. Cash will NOT be accepted at the venue.
Once registered each buyer will be issued with a buyer’s card reflecting a buyer’s number. Upon signature of the registration documents, all buyers will have acknowledged and accept the Terms and Conditions set out in the Rules of Auction.
Registration Fee: R25 000.00 (Refundable to unsuccessful bidders) Deposit: 21.5% of hammer price Confirmation period: 7 business days. Balance of the purchase price payable within 21 business days after confirmation of sale.
The bid price excludes the buyer’s premium which is payable over and above the purchase price.
Example: Highest bid with buyer’s premium Bid Price: R 100 000.00 Buyers comm. (10%) R 10 000.00 VAT on the Buyer’s Premium R 1 500.00 Total Purchase Price R 111 500.00
The auctioneers have the right to regulate the bidding at the auction and to bid on behalf of the seller up to (but not exceeding) the reserve price as mandated by the seller. When the auctioneer knocks down the property to the highest bidder the successful bidder will sign the Conditions of Sale on the day.
A deposit of 21.5% is payable on the fall of the hammer. This percentage is made up of the commission payable by the successful bidder of 10% plus VAT (namely, 11.5%) plus a 10% deposit on the purchase price of the Property.
The deposit is payable by way of a Bank Guaranteed cheque or electronic transfer. The deposit and buyer’s premium are deposited into the WH Auctioneers Trust account.
For queries regarding the properties on auction contact: Joshua Pelkowitz: 072 536 5482 WH Auctioneers offices: 011 574 5700
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 5
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 6
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 7
3. GENERAL Property Address: 45 Drakensberg Blvd, Alrode South Erf & Suburb & City: Erf 763, 779, 780 and 781 Alrode South Ext. 17
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 8
6. DESCRIPTION OF IMPROVEMENTS
The property comprises 4 rectangular industrial stands with a total size of 4 920m2. The property in essence is a
large, levelled industrial yard with a concrete platform. It was previously utilised for the storage of cars and scrap.
There are 2 entrances – 1 along Lebombo road and one along Drakensberg Boulevard.
The property is zoned and serviced. There is a brick wall enclosing the property, however there are no security
gates at the access points.
7. SITE LAYOUT
Erf 763
Erf 781
Erf 779
Erf 780
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 9
8. SITE PHOTOGRAPHS
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 10
9. MUNICIPAL ACCOUNT
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 11
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 12
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 13
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
Page | 14
10. TITLE DEED (full copy available)
The auction is conducted in terms of the Regulations relating to auctions contained in The Consumer Protection Act 68 of 2008 and notice is given that all
sales are subject to a minimum reserve unless otherwise stated. Descriptions mentioned herein are not guaranteed by the auctioneers and are as supplied.
