Auction Description
Below you'll find key points about the auction:
Duly instructed by the Business Rescue Practitioners, we hereby invite interested parties and potential purchasers to submit offers for consideration in respect of the following property portfolio;
TERMS & CONDITIONS: A refundable registration deposit of R 100 000.00 is payable by all prospective buyers before participation and all bidders must comply with FICA requirements. The invitation is subject to a reserve price and the official Conditions of Sale, as prescribed by the BRPs, will only be made available once the registration deposit has been paid. The offer period closes on 30 June 2026 at 17:00 and no offers will be considered unless submitted on the official Conditions of Sale and emailed or hand-delivered to our offices. A 15% deposit of the purchase price is payable immediately upon confirmation of the successful purchaser, being the buyer who submitted the highest offer. A 6% buyers commission is payable by the purchaser and the balance of the purchase price must be secured by a bank guarantee within 30 days after confirmation. Any competing offer must be submitted within the prescribed confirmation period, before acceptance of the existing offer, on the exact same Conditions of Sale with no deviations accepted; all finance must be pre-approved, the auction rules are available on the Park Village Auctions website in accordance with Section 45 of the Consumer Protection Act 68 of 2008, and all terms are subject to change without prior notice.
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