MULTI PROPERTY ONLINE AUCTION
MULTI PROPERTY ONLINE AUCTION
Auction Open Tuesday 14 May 2024 @10h00
Auction Close Wednesday 15 May 22024 from 11h00
Online property Auction presenting 2 residential properties located in Pierre Van Ryneveld and Riviera-Jhb. Explore these investment opportunities on the online auction from Tuesday 14 May @10h00 to Wednesday 15 May 2024 from 11h00
- LOT 1 - 195 Mustang Avenue, Pierre Van Ryneveld Ext 22, Centurion, Gauteng
- LOT 2 - 108 Splice Riviera, 4 Main Avenue, Riviera, Gauteng
Contact Gerard on 064 758 2738 for Lot 1 and Theo on 083 946 0218 to schedule a private viewing today for Lot 2
TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE COMPLETE THE RULES OF AUCTION / BIDDER PARTICIPATION FORM (DOCUMENTS TAB).
By signing the Rules of Auction, you consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.
IMPORTANT INFORMATION:
- Invoices are made out to buyers/purchasers who are registered bidders in terms of clauses D (1) (1.5 – 1.8) of the Rules of Auction.
- In terms of Clause D (4) (4.9) of the Rules of Auction, No changes to purchase statements will be allowed, and the splitting of invoices among buyers is prohibited. The registered bidder is responsible for the payment of the full invoice.
- The registered bidder will be required to complete the Offer to Purchase. No transfers or exchanges to another person /company name will be entertained.
- Should the buyer’s details on the signed Offer to Purchase not match those of the registered bidder, the sale may be canceled.
Notice to Buyers & Disclaimer | |
Auction Registration Fee | R10 000 Refundable |
Confirmation Period | Conditions stipulated in the relevant Offer to Purchase |
Deposit on Purchase Price | 10% payable by electronic transfer (EFT) |
Guarantees on Balance | 30 Days from the date of acceptance |
Buyer’s Commission | 6% (plus VAT) over & above the purchase |
Outstanding Rates, Taxes & Levies | Conditions stipulated in the relevant Offer to Purchase |
Please ensure all your documentation is sent back for verification by the close of business on Tuesday 14 May 2024 to auction@tirhani.co.za
Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.
EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 2 (TWO) minutes of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Lot Closing Speed - 1 lot per 2 minutes (from 11:00 + 2 min Auto-Extend)
MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The 'System' will automatically bid against you at the set increment until the reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder outbids you.
TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet, or any other online auction-related technologies, Tirhani Auctioneers reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Tirhani Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.
FOR MORE INFORMATION
Bernard De Combes Bidding System Queries & Support | +27 (0) 82 327 4578 |
Channtell Vogel Bidding System Queries & Support | +27 (0) 71 587 6279 |
Gerard Harding Property Queries | +27 (0) 64 758 2738 |
Theo Louw Property Queries | +27 (0) 83 946 0218 |
Elizabeth Nkhathu Invoicing Queries | +27 (0) 82 329 8984 |
Stacy-Lee Campbell Online Registration & General Queries | +27 (0) 82 327 4580 |
TO PARTICIPATE IN THIS ONLINE AUCTION, PLEASE DOWNLOAD RULES OF AUCTION - BIDDER PARTICIPATION FORM. Please email back to - auction@tirhani.co.za by the cut-off date.
By signing the Rules of Auction and Bidder Participation Form, you the bidder/buyer consent and agree to be bound by the Auctioneers General and Specific Rules of Auction in addition to any other conditions specified by the Auctioneer or the Seller. These Rules of Auction are not negotiable, so if you do not agree with them do not register to bid on this auction.
This auction is 'With Reserve'. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. Tirhani Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Control of the auction shall be entirely managed by the auctioneer, who has the sole right to regulate the bidding process and control the bid increments. The auction will be conducted per rising bid in South African Rands.
