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SAIA - South African Institute of Auctioneers

VACANT LAND COMMERCIAL FOR SALE IN STOFLAND DEVELOPMENT PROPERTY AUCTION IN WORCESTER, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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WORCESTER - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

VACANT LAND COMMERCIAL FOR SALE IN STOFLAND

DESCRIPTION:

1 Philly Mapulane Street Stofland De Doorns

FEATURES:

Details

Erf no: 5595

Erf size: ± 1045.51m²

Zoning: Institutional Zone I

Special Conditions:

1. Should the Purchaser be a registered social care organization/institution the purchase price be fixed at a minimum of 50% of the fair market value;

2. that all costs pertaining to the transaction be borne by the Purchaser, e.g. transfer costs, survey, connection fees of municipal services, rezoning, provision of services and a direct access road;

3. that the development of the erf be completed within two (2) years of registration and be included in the Deed of Sale;

4. A reversion condition be registered against the Title Deed and that the subject property to be utilized for Institutional Zone I purposes only and should the Purchaser fail to erect a building within two (2) years from date of registration and not use the property as specified, the erf will revert back to the Municipality free of charge;

5. that the Purchaser be responsible for the payment of all municipal services including rates and taxes in respect of the property following transfer of the property; and

6. that the Deed of sale is subject to the relevant internal comments and the right be reserved to supplement internal comments.

Registration requirements:

• Proof of address (not older than 3 months)

• Copy of ID

Payment terms:

2.5% Deposit & 2.9% Commission (excl. VAT on fee), Payable on the fall of the hammer by means of EFT only. Balance payable on transfer.


 
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