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SAIA - South African Institute of Auctioneers

VACANT SITE IN WORCESTER DEVELOPMENT PROPERTY AUCTION IN WORCESTER, WESTERN CAPE AUCTIONED BY CLAREMART AUCTIONEERS

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WORCESTER - DEVELOPMENT PROPERTY, INVESTMENT PROPERTY

VACANT SITE IN WORCESTER

DESCRIPTION:

Ptn of Erf 6603 Sampson Street River View Worcester

FEATURES:

Details:

Erf no: Ptn of Erf 6603

Erf size: ± 2500m²

Zoning: Institutional Zone I

Special Conditions:

1. That the subsequent Deed of Sale be made subject to any conditions imposed by the respective user departments and to be conformed to by the successful bidder/ purchaser to the satisfaction of the Municipality;

2. that a reversion clause be registered against the Title Deed and that the subject property, being a portion of Erf 6603, be utilized in accordance with Institutional Zone I usage (religious purposes) 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;

3. that the successful bidder/purchaser to the satisfaction of the Municipality comply with all internal Municipal Departments’ procedures and requirements, inter alia subdivision, submission of building plans, application for services, bulk services, site development plan etc.; and

4. That the costs pertaining to the transaction, e.g. transfer costs, connection fees of municipal services, surveying, and subdivision costs, etc. but excluding the valuation costs, be paid by the successful bidder/purchaser.

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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