LIQUIDATION - FULLY OPERATIONAL BUSINESS (VV4 AGRI) COMMERCIAL PROPERTY AUCTION IN WOLSELEY, WESTERN CAPE AUCTIONED BY BIDX1

Invited Opening Bid R8 000 000

Bidder Security R50 000 *fully refundable if unsuccessful bidder

Property Summary

This sale is Subject to Confirmation by the Liquidators.

VV4 Agri is a well known company in the area with lucrative contracts in place.

The contracts are part of the sale.

Movable assets are included and the list can be found in the legal tab below.

The company has big corporate clients.

The property is approximately 4Ha.

The packing & storage area is approximately 7,900 sqm.

With the cold storage area approxamitely 1,980 sqm.

INCOME:

Crate Hire Agreements:

104 Crates @ R2.41 per crate per day (Expires 30/04/2024)

800 Crates @ R1.71 per crate per day (Expires 30/04/2024)

7,000 Crates @ R2.41 per crate per day (Expires 30/06/2024)

2,500 Crates @ R2.41 per crate per day (Expires 30/04/2024)

???????Total Income on Crate Hire's in March - R735,409.20

Storage Contracts:

R12,900 p/m (Expires 31/03/2024)

R70,000 p/m (Expires 31/12/2024)

R35,769 p/m (Expires 31/12/2024)

R6,000 p/m (Expires 31/08/2026)

R1,000 p/m (Expires 31/06/2026)

R750,000 p/m (Expires 05/06/2024)

R850,000 p/y (No Contract)

Total Income on Storage for March - R1,725,669

???????Total Income for March - R2,461,078.20

Offices and security room at entrance.

Store.

Small packing area with office.

Isolated palleting area.

Inspection office.

Bigger pack area.

Opperating office.

3 offices with kitchen and conference area.

Cafeteria.

Mens and womens restrooms.

Onion and potato pack area.

Seperate store room/ workshop.

Seperate Apartment.

Specs on the smaller packing line, included in the movable assets:

2 lane EHS weight grader

8 + 1 Drops

1 Tipper

1 Sorting table

8 single line packing tables