AUCTION SALE OF A WELL-LOCATED INDUSTRIAL BUILDING WITH RESIDENTIAL COMPONENT RESIDENTIAL PROPERTY AUCTION IN PHALABORWA, LIMPOPO AUCTIONED BY ELI STROH AUCTIONEERS

Duly instructed thereto by the joint liquidators of Corporate Liquidators (Pty) Ltd, pursuant to the provisions of section 83 and 84 of the Insolvency Act No. 24 of 1936, in the matter, Sokisi Transport (Pty) Ltd (in liquidation), Master’s Reference Number: L655/2021, we will sell by public auction on:

THURSDAY, 08 FEBRUARY 2024

@ 11:00

AT 2 COSTER STREET

PHALABORWA

LIMPOPO

LOCATION:

The property is located in Phalaborwa in very close proximity of the CBD but in the industrial area.

Auction arrows will be erected. 

AUCTIONEERS NOTE:

All prospective buyers are advised to attend the auction.  Viewing by appointment with the auctioneers or visit our webpage. 

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 30 (THIRTY) 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.

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

The auctioneer reserves the right to withdraw any properties prior to the auction without notice.

The rules of auction and sale conditions will be read out prior to the sale, terms and conditions available on request.

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

We reserve the right to cancel the auction without notice.

PROPERTIES:

Erf 1859 and 1860 Phalaborwa Extension 1, Registration Division LU, Ba-Phalaborwa Local Municipality, Limpopo

Measuring: Erf 1859 – 2509m²

Erf 1860 – 2200m²

Total:  4709m²

DESCRIPTION:

This specific property is in the industrial area but there is a residential component, retail component, office component and a bus station component on the property

Liquor store 

Offices consisting of a reception area, 2 x offices and a conference room

4 x Overnight rooms 

Ablutions

2 x Open areas for parking of busses and motor vehicles