october, 2024
09oct11:00 amAUCTION: SECTIONAL TITLE INDUSTRIAL COMPLEX, GEORGESOLD!
Event Details
Duly authorised, we will sell by PUBLIC AUCTION WITH WEBCAST FACILITY SECTIONAL TITLE INDUSTRIAL COMPLEX COMPRISING 20 UNITS, GEORGE INDUSTRIA GEORGE Auction date: Wednesday, 9 October 2024 @ 11:00 Venue:
Event Details
Duly authorised, we will sell by PUBLIC AUCTION WITH WEBCAST FACILITY
SECTIONAL TITLE INDUSTRIAL COMPLEX COMPRISING 20 UNITS, 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 download the complete auction brochure: AUCTION INFO BROCHURE 100124
*Please note: info can be added and amended without notice
Located on the corner of Binne Street and PW Botha Boulevard, Golden Falls Industrial Park is one of only seven sectional title complexes in the old George Industria. The property is accessed from two points, creating an industrial / workshop section as well as a commercial section with street frontage.
The 20 units, covering ±3035m² in total, was built in 2006. It has served its developer with excellent yield and is now offered for sale by PUBLIC AUCTION for a new owner to further capitalise on this opportunity as is, or to sell the units individually over a period of time, whilst still enjoying the benefits of an income stream.
Preliminary rental schedule
Unit | Location | Extent | Rent pm | Lease expires |
Unit 1 | PW Botha Boulevard frontage | 288m² | R 15 000 | 04/2025 |
Unit 2 | 194m² | |||
Unit 3 | PW Botha Boulevard frontage | 129m² | R 13 800 | 07/2024 |
Unit 4 | 129m² | |||
Unit 5 | PW Botha Boulevard frontage | 130m² | R 15 000 | 03/2025 |
Unit 6 | 130m² | |||
Unit 7 | Binne St workshop | 133m² | R 6 700 | 02/2025 |
Unit 8 | Binne St workshop | 133m² | R 7 160 | Month-to-month |
Unit 9 | Binne St workshop | 132m² | R 6 600 | 12/2024 |
Unit 10 | Binne St workshop | 132m² | Vacant | – |
Unit 11 | Binne St workshop | 198m² | R 5 720 | 07/2024 |
Unit 12 | Binne St workshop | 179m² | R 6 420 | 02/2025 |
Unit 13 | Binne St workshop | 133m² | R 6 160 | 09/2024 |
Unit 14 | Binne St workshop | 132m² | R 7 500 | 09/2024 |
Unit 15 | Binne St workshop | 132m² | R 7 500 | 10/2024 |
Unit 16 | Binne St workshop | 132m² | R 4 590 | 03/2024 |
Unit 17 | Binne St workshop | 132m² | R 6 200 | Month-to-month |
Unit 18 | Binne St workshop | 133m² | R 7 500 | 05/2025 |
Unit 19 | Binne St corner frontage | 206m² | R 12 530 | 04/2025 |
Please click on the link to view the Sectional Title Plan Golden Falls Deelplan
Information 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 & 5% 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)
Time
(Wednesday) 11:00 am
Location
Van Rensburgs Auction Rooms
7 Saffier crescent, Tamsui Industria, George