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SAIA - South African Institute of Auctioneers

ONSITE LIQUIDATION AUCTION – DE BALKE HOTEL – WINELANDS – STELLENBOSCH A-3213 RESIDENTIAL PROPERTY AUCTION IN WINELANDS, WESTERN CAPE AUCTIONED BY MICHAEL JAMES ORGANISATION

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WINELANDS - RESIDENTIAL PROPERTY, COMMERCIAL PROPERTY, DEVELOPMENT PROPERTY, HOSPITALITY PROPERTY, INVESTMENT PROPERTY

ONSITE LIQUIDATION AUCTION – DE BALKE HOTEL – WINELANDS – STELLENBOSCH A-3213

DESCRIPTION:

DEPOSIT AND AUCTIONEER’S COMMISSION

A cash deposit of 10% (Ten Percent) of the purchase price shall be paid on the fall of the hammer by the purchaser to the auctioneer for the benefit of the seller, which deposit the auctioneer is authorised to pay over to the conveyancer, the Purchaser shall be liable for and pay, in addition to the amounts payable in terms of the Conditions of Sale, auctioneer’s commission of 7.5% (Seven Point Five Percent) plus vat thereon.

10% Deposit payable on the fall of the hammer

Auctioneers commission payable on the fall of the hammer

Balance of purchase price payable on registration of transfer

FICA documentation will be required for auction registration

7.5% Buyer's Commission Excluding VAT

VAT Applicable: Yes

FEATURES:

Cape vernacular barn  – known as De Balke

Property zoned for Resort Zone II (consent use hotel –  with approval for a 44 key hotel)

Historical building on prime rural land

Exceptionally well positioned smallholding with structure requiring restoration and upgrades all to be compliant with the requirements of the relevant heritage sites, historical departments and the Winelands DC

The property falls within the De Balke Home Owners Association and the purchaser must adhere to the constitution.

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