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SAIA - South African Institute of Auctioneers

PUBLIC AUCTION : REMAINING EXTENT 45 OF FARM RIETFONTEIN 348 MOOINOOI RESIDENTIAL PROPERTY AUCTION IN RUSTENBURG LOCAL MUNICIPALITY, NORTH WEST AUCTIONED BY ELI STROH AUCTIONEERS

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RUSTENBURG LOCAL MUNICIPALITY - RESIDENTIAL PROPERTY, COMMERCIAL PROPERTY, AGRICULTURAL PROPERTY, DEVELOPMENT PROPERTY, HOSPITALITY PROPERTY, INVESTMENT PROPERTY

PUBLIC AUCTION : REMAINING EXTENT 45 OF FARM RIETFONTEIN 348 MOOINOOI

DESCRIPTION:

CONDITIONS OF SALE:

10% (TEN PERCENT) deposit for each property on day of the auction and the balance to be paid in cash or acceptable guarantees to be delivered within 45 (FOURTY-FIVE) 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.

Normal Covid-19 rules will be applied inside the venue. Mask and sanitizer are compulsory.

All potential buyers to register before the auction and proof of identity and residential address are required.

Location: REMAINING EXTENT 45 OF

THE FARM RIETFONTEIN 348

MOOINOOI

(25°49'24.85"S /  27°23'19.84"E)

FEATURES:

PROPERTY:

Remaining Extent 45 of the farm Rietfontein 348, Registration Division JQ, Rustenburg 

Local Municipality, North West

Measuring:  19.1478 hectares

DESCRIPTION:

The property consists of a dining hall with kitchen of approximately 300m², a seminar area with ablutions under a thatch roof of approximately 135m², a laundry of approximately 50m², an old farm house that was converted into 8 bedrooms with ablutions for the housing of residents, ± 180m² living quarters, 211m² living quarters with ablutions, a flatlet of 60m² with two bedrooms and a bathroom, a 632m² seminar area under a steel construction with ablutions and also rooms for accommodation.  

A flatlet area with 3 flats consisting of:

First one, 1 x bedroom, kitchen and bathroom

Second one, 1 x bedroom and kitchen

Third one, 2 x bedroom, kitchen with ablution.  

Workers quarters of 3 x bedrooms approximately 100m²

Swimming pool 

Water is pumped out of two boreholes and electrical power is supplied by Eskom

LOCATION:

Property is located under the southern side of Mooinooi.  On the N4 towards Rustenburg you turn left towards Buffelspoort Marikana. At the T-junction you turn right and proceed for approximately 1 kilometre and turn left on the Buffelspoort road, continue pass the Buffelspoort dam.

Auction arrows will be erected.

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