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Tue
18
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Wed
19
Feb
Timed Auction
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Insolvency Auction of 3 Adjoining Stands in Ncandu Park, Newcastle, KZN
Starts: Feb 18, 2025 at 10 AM SAST • Closing Feb 19, 2025 at 10 AM SAST • Ncandu Park, Newcastle 30d 3h 2m 4s left
Prime Investment Opportunity: Insolvency Auction of 3 Adjoining Stands in Ncandu Park, Newcastle, KZN – Perfect for Investors or End Users. Duly instructed by the Trustees of the Insolvent Estate E.M. Mkhwanazi, Master’s Reference number: N000333/2023 - Don't miss out! This is a once-in-a-lifetime opportunity to acquire valuable property in one of Newcastle's most desirable areas - * 3 adjoining stands offering a combined large footprint * Located in the heart of Ncandu Park, Newcastle, KZN * Zoning suitable for a variety of uses (residential, commercial, etc.) * Close to major routes, local amenities, and infrastructure * Excellent potential for development and high return on investment - - - Erf 6210, Newcastle Ext 34: Registered Size 4367m²; Erf 6211, Newcastle Ext 34: Registered Size 4136m²- with approved building plans for the development of 19 units; Erf 6212, Newcastle Ext 34: Registered Size 7453m². Purchaser’s liabilities • VAT or Transfer Duty shall be applicable;• 10% deposit on the purchase price payable on fall of hammer by successful bidder; • 6% + VAT auctioneer’s commission is payable by successful bidder on fall of hammer; • The PURCHASER shall at his own cost obtain all compliance certificates (as applicable) and any further or additional documentation for effective registration of transfer or occupation of the property; • The Seller in no way gives warranty that the Purchaser shall obtain vacant occupation, on the date of occupation. Terms: To participate in this online auction, please complete the Rules Of Auction / Bidder Participation Form. By signing the Rules of Auction, you consent and agree to be bound by the Auctioneers Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are non-negotiable. • The Offer is irrevocable and open for acceptance by the Seller at any time up to and including the Acceptance Date; • If applicable, the agreement is subject to the approval of the sale or powers to be granted; • The sale is subject to the seller confirming his acceptance of the sale.; • Occupation of the Immovable Property will be given to the Purchaser on the Effective Date. Should the parties agree, the Purchaser may by written agreement, prior to the Effective Date take occupation of the Immovable Property • Transfer shall be effected by the Conveyancers nominated by the Seller • “Above subject to change without prior notice”. *Online Auction Notes: • If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min • If any further bidding occurs, the extension timer will reset to 10 min. • If no further bidding activity occurs, the lot closes when the timer runs out.
Wed
19
Feb
Thu
20
Feb
Timed Auction
Not Registered
Prime Agricultural Opportunity: Liquidation Auction of a ±153ha farm located approximately 38km from Mooi River, KZN
Starts: Feb 19, 2025 at 10 AM SAST • Closing Feb 20, 2025 at 10 AM SAST 31d 3h 2m 4s left
Prime Agricultural Opportunity: Liquidation Auction of a ±153ha farm located approximately 38km from Mooi River, KZN.
OBO of the Liquidators of K A Nozishadi Trading CC (In Liquidation), Master’s Ref. number: N000100/2021 -
*Online Auction Notes: • If a lot receives a bid within the last 10 min. it will remain open for an additional 10 min • If any further bidding occurs, the extension timer will reset to 10 min. • If no further bidding activity occurs, the lot closes when the timer runs out.
Property information: Monthly rates: R 1,810.24 ; The farm is located approximately 38 km from Mooi River along the R 622 when heading from Mooi River towards Greytown in the Rietvlei/ Mount Alida area. Directions: Take the R622 from Mooi River towards Greytown, continue on this road for ±38km and the entrance to the farm will be on your right.
Improvements: The property has two dwellings the larger being approximately 450 square meters and the other being approximately 120 square meters. Additional Outbuildings:
Various outbuildings are located on the property, offering additional storage space, farming infrastructure, or workshop facilities. These buildings add to the property's versatility and potential. Eskom electricity is connected to the property. The fencing is non-existent in areas and in very poor condition. Boreholes – Unknown; Irrigation dams – None; Stock dams – Two. There is no registration of any water entitlements on WARMS system for the property. The infrastructure on the farm is suitable for the following agricultural activities. a) There are currently no agricultural activities taking place on the farm. b) Scrub timber has been harvested. c) Drylands are dormant. Natural grazing – 91ha; Dry land – 45ha; Scrub timber (felled) – 14ha; Waste lands – 3ha
Total – 153ha.
Notes: * Peter Maskell Auctions CC has been instructed by the Liquidators of the Estate to auction the Property and Peter Maskell Auctions and/or the Liquidators have no knowledge of any latent defects in the Property and makes no representations regarding the condition of the Property. The Purchaser acknowledges that he/she/it has been informed that professional expertise and /or technical skill and knowledge may be required to detect defects and/or deficiencies in the Property and non-compliance aspects concerning the Property. The Purchaser is to obtain his/her/its own professional advice and/or undertake a professional inspection of the Property. The Purchaser waives any claims against Peter Maskell Auctions and/or the Liquidators as he/she/it may otherwise have had, and as may have otherwise arise from its/their response to the Statements above - To participate in this online auction, please complete the Rules Of Auction / Bidder Participation Form. By signing the Rules of Auction, you consent and agree to be bound by the Auctioneers Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are non-negotiable. Please submit an ID copy, proof of address (NOT older than 3 months), and proof of payment together with your signed and completed Rules of Auction