100Ha Rural Lifestyle Farm with Significant Potential

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Taxes

To be added at payment

Buyer's Premium

6%

Seller's Terms & Conditions

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Description

Duly instructed by ABSA Bank and the Trustee in the Insolvent Estate matter.

This expansive 100-hectare property is located in a peaceful and remote area known for lifestyle farming and country living. With direct access from the R45 Vredenburg Road, the property offers plenty of space and an opportunity to create a private rural retreat.

The main residence is a large farmhouse comprising approximately 5 bedrooms, an entertainment area and a patio that overlooks the open yard. The house has unfortunately been affected by a fire and will require extensive repairs and maintenance, making it well suited to buyers looking for a restoration project.

The land is gently sloping in parts and includes various farming-related improvements, such as a storage building, shade cloth structures and what appears to be a former livestock shelter. Cattle are currently present on the property.

A borehole services the property; however, due to the electricity supply being disconnected, the borehole could not be tested during the inspection. The property does not have water at the moment, although this cannot be guaranteed. Buyers should note that title deed conditions reportedly permit only one borehole on the property, with municipal approval required for any additional boreholes.

The property's previous farming activities and soil type are unknown, and interested purchasers are encouraged to conduct their own investigations regarding the property's suitability for any intended use.

The property is currently occupied by tenants.

This property provides a unique opportunity for buyers seeking a large rural holding with potential to restore and develop according to their own vision.

Q & A

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Inspection

The property for sale may contain defects not immediately detectable. Bidders may inspect the property prior to bidding. Inspection is by appointment only.

Payment

Wire Transfer is the only payment option for this item. The Wire Transfer Transaction Summary page will provide payment and account information. The Wire Transfer must be completed within 5 days unless otherwise specified below.

immediately detectable. Bidders may inspect the property prior to bidding. Inspection is by appointment only.

Payment of 10% deposit as well as the Buyers Premium is due no later than 24 hours after the closure of the auction.  Acceptable forms of payment are: ZA Rand, electronic funds transfer (EFT).

Buyer’s Premium of 6% will be added to your winning bid on the invoice. VAT: 15% will be charged on Buyer’s Premium.  If VAT is a applicable on the purchase price, the VAT will be paid to the Transferring Attorneys.  

Removal

N/A

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Special Instructions

The auctioneer or his agent shall be entitled to bid up to the reserve price on behalf of the seller, but shall not be entitled to make a bid equal to or exceeding the reserve price. The property for sale will be auctioned “voetstoots”, as it now stands and subject to the terms and conditions and servitudes
mentioned and referred to in the current and/or prior Title Deeds and neither Liquidity Services, nor the Substitute Trustees or their respective agents make any express or tacitly implied warranties of any kind. The description and conditions listed in this and other advertising materials are to be used as guidelines only and are not guaranteed.

14 Working Days confirmation period
30 Days Guarantee Period
Registration of transfer
The Seller is liable for the outstanding rates & taxes
The Purchaser shall, at its own costs obtain a valid electrical certificate of compliance, beetle certificate and plumbing certificates. The Buyer agrees that their personal information may be shared with the Seller for record keeping purposes and where required for completion of the commercial conditions associated to the transfer of ownership on some assets

Additional Information

First time bidding? Please review our Terms and Conditions.

For further assistance please review our Frequently Asked Questions.

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