AUCTION: 4 x INDUSTRIAL UNITS, GEORGE
Event Details
Duly authorised, we will sell by PUBLIC AUCTION WITH WEBCAST FACILITY
4 X SECTIONAL TITLE INDUSTRIAL UNITS IN DIAMANT PARK, GEORGE INDUSTRIA
GEORGE
Auction date: Wednesday, 9 October 2024 @ 11:00
Venue: For on-site bidding, join us at our office in George, van Rensburgs Auctions, 7 Saffier Cresecnt, Tamsui Industria, George
Online bidding: Webcast facility available for online bidding at https://online.vanrensburgsauctions.co.za/#!/
Click here to view the complete auction brochure: AUCTION INFO BROCHURE 100124
*Please note: info can be added and amended without notice
Located in Diamant Street in George Industria, this sectional title complex consists of 6 units in total.
Property marked in orange honeycomb
Complex offers units with street frontage on Diamant Street, as well as units with yard access and no street frontage.
Auction procedure: 4 Units will be auctioned individually (4 auctions), with the 5th auction being all 4 properties together (starting bid will be the sum total of the 4 individual auctions).
Preliminary rental schedule
| Unit | Location in complex | Extent | Rent pm | Lease expires |
| Unit 3 | Street frontage + section on lower level with yard access and no street frontage | 304m² | – | – |
| Unit 4 | Street frontage | 150m² | R 7 866 | 04/2025 |
| Unit 5 | Yard (no street frontage) | 305m² | R 13 892 | 04/2025 |
| Unit 6 | Yard (no street frontage) | 231m² | R 13 040 | 05/2025 |
Information will be updated on a daily basis.
Enquiries
Daniel van Schalkwyk 083 255 4245
Wiidke Burger 0833 777 390
Office in George 044 878 2877
Summary of Auction Conditions of Sale
• Purchaser pays 10% deposit & 6% commission (plus VAT) on day of auction.
• There will be a period for higher offers after the auction. One confidential higher offer per purchaser is allowed after the auction, which will close on 14 October 2024 at 12:00 noon. Any offer made after the auction will only be regarded as a valid offer if the deposit and auctioneer’s commission have been paid and cleared into the auctioneer’s bank account and the offeror has signed the Conditions of Sale before October 14th at 12:00 noon. The sale shall be subject to confirmation by the Seller by 16 October 2024; however the Seller may accept or decline the offer before 16 October 2024.
• The highest bidder will be held bound to his bid until 16 October 2024.
• Balance of the purchase price is payable against registration of transfer.
• The Purchaser shall within 30 days of acceptance of this offer by the Seller, furnish the Seller’s Conveyancers with a guarantee by a registered financial institution and acceptable to the Seller, for the payment of the balance of the purchase price.
• VAT payable by the purchaser on the purchase price.
• OCCUPATION and POSSESSION of the property shall be given by the Seller to the Purchaser on the date of registration of transfer into the name of the Purchaser, when all benefit and risk in the property shall pass to the Purchaser.
• All conveyancing work in connection with the transfer of this property shall be effected by the Seller’s attorneys. All costs to the giving and taking of transfer and registration will be paid for by the Purchaser.
• Property sold VOETSTOOTS
• Property sold with lease contracts in place (where applicable)