Auction Sale Of Industrial Property

Duly instructed thereto by the joint liquidators of Corporate Liquidators (Pty) Ltd, pursuant to the provisions of section 83 and 84 of the Insolvency Act No. 24 of 1936, in the matter, Sokisi Transport (Pty) Ltd (in liquidation), Master’s Reference Number: L655/2021, we will sell by public auction on:

THURSDAY, 9 JULY 2026

@ 11:00

AT 2 COSTER STREET

PHALABORWA

LIMPOPO

(23°56'59.65"S /  31° 7'46.78"E)

(REGISTRAION REQUIREMENTS:  PROOF OF IDENTITY AND RESIDENTIAL ADDRESS ARE REQUIRED)

THE FOLLOWING:

PROPERTIES:

Erf 1859 and 1860 Phalaborwa Extension 1, Registration Division LU, Ba-Phalaborwa Local Municipality, Limpopo

Measuring:                                 Erf 1859                 –                2509m²

                                                      Erf 1860                 –                2200m²

                                                      Total:                                        4709m²

DESCRIPTION:

Improvements Include

• Retail area
• Office component consisting of:
  • Reception area
  • 2 Offices
  • Conference room
• 4 Overnight rooms
• Ablution facilities
• 2 Large open parking areas suitable for buses and motor vehicles

Property Description

This versatile mixed-use property is situated within the industrial area of Phalaborwa and offers a unique combination of:

• Residential component
• Retail component
• Office component
• Transport component

The property presents excellent potential for owner-occupiers, investors, transport operators, retail operators, or redevelopment opportunities.

AUCTIONEERS NOTE:

This versatile mixed-use property offers excellent potential for investors, business owners and transport operators alike. Well located in close proximity to the CBD of Phalaborwa, the property provides a unique opportunity to acquire a property with multiple possible uses.

Viewing strictly by appointment with the auctioneers. Auction arrows will be erected.

LOCATION:

Ideally located in close proximity to the CBD of Phalaborwa while still positioned within the industrial node.

CONDITIONS OF SALE:

10% (TEN PERCENT) deposit and 6% Auctioneers Commission plus 15% VAT is payable by the Purchaser on day of the auction and the balance to be paid in cash or acceptable guarantees to be delivered within 30 (THIRTY) days after date of confirmation, confirmation within 14 (FOURTEEN) days after date of sale.  The rules of auction and sale conditions will be read out prior to the sale, terms and conditions available on request.

BUYER REGISTRATION:

All potential buyers can register in advance by email or on the day of the auction at the venue.

We reserve the right to cancel the auction without notice.