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ERF 1517, COMMERCIAL BUILDING || 1st AVENUE NO.85 NORWOOD, MTHATHA

Contact for price

Features

  • Offices
  • School
  • Student Accomodation

Details

Duly instructed by the executrix (Silma Hamdulay as nominee of Standard Executors and Trustees Limited) of the Late Estate George Kurian

Estate No.: 005416/2019

Valuable commercial buildings with extensive building used for commercial purposes. Excellent visibility along N2 to Durban, close to Norwood Sasol and KFC. Potential for offices/school/student accommodation.

Erf size: 1031m2

AUCTION DATE:

21st July 2020 @ 12h00

Location: 12 Sisson Street, Fort Gale, Mthatha

COVID-19 DISASTER MANAGEMENT RULES TO APPLY.

Non-compliance will result in bidders being prohibited from entry and or bidding.

NO MASK – NO ENTRY!

COSTS and SPECIAL CONDITIONS

R5 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 Conveyancing Attorneys Trust Account.
The balance of the total purchase price is required within 45 days of acceptance or when called for by the conveyancing attorney.

The property will be knocked down conditionally and the conditions of sale shall be binding upon the highest bidder and the second-highest bidder until the 11th August 2020, subject to confirmation by the Seller, Executrix and Master of the High Court who reserves the right of accepting or rejecting the highest bid.

SPECIAL CONDITIONS:

Property is currently being occupied by a school, vacant occupation by 15th December 2020 or transfer thereafter. Should the property be transferred prior to the 15th December, the seller undertakes to pay the purchaser R10 000 excluding VAT as occupational rental.Transfer applicable, no VAT

Video

  • ID: 4414
  • Published: July 2, 2020
  • Last Update: August 5, 2020
  • Views: 39
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