MULTI PROPERTY RESIDENTIAL ONLINE AUCTION
Property Viewing Details | |
Lot 1 | 45 1st Road, Kew, Johannesburg Sunday 16 February 14h00 – 16h00 Sunday 23 February 14h00 – 16h00 |
Lot 2 | 35 Dukes Avenue, Windsor East, Randburg Sunday 16 February 10h00 – 11h00 Sunday 23 February 10h00 – 11h00 |
Lot 3 | 59 Homestead Road, Raumarais Park, Bramley North, Johannesburg Viewing by appointment only Contact Theo on 083 946 0218 |
Auction Open |
Monday 24 February 2025 @10h00 |
Auction Close | Wednesday 26 February 2025 from 10h00 Staggered Closing / Lot Closing Speed 1 lot per minute from 10h00 (plus 2 min auto-extend) |
To participate in the online auction:
- Register on the bidding platform (Click Register & Bid Online!)
Once registered on the bidding platform for this auction :
- You will receive an auction registration email for this auction with the rules of auction/bidder participation form and further instructions on how to upload required documents to the Tirhani Auctioneers Buyer’s Portal.
Upload all your documentation to the Tirhani Auctioneers Buyer’s Portal for verification by 4PM on Tuesday 25 February 2025.
By signing the Rules of Auction, you agree to follow all general and specific auction rules. These rules are non-negotiable; do not register if you disagree.
Notice to Buyers & Disclaimer | |
Auction Registration Fee | R20 000 (refundable if no successful bids are made) |
Confirmation Period | 7 business days confirmation period by the seller |
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 price |
Outstanding Rates, Taxes, and Levies | The seller is liable for all outstanding rates and taxes |
Information provided in the advertising of these properties, whether digitally or in print, includes subjective opinions provided by Tirhani Auctioneers and additional information from the seller. You are advised to inspect the property/ies to make necessary informed decisions and conclusions regarding the suitability and condition thereof. Despite our efforts to provide accurate information, we strongly recommend independently verifying all dimensions and shapes before purchasing or decisions based on them. Please be aware that Tirhani Auctioneers has not conducted tests on any services, appliances, or heating/cooling systems, and does not provide any warranties, either explicit or implied, regarding their functionality. | |
- FICA DOCUMENTS: FICA compliance is a requirement to participate in all auctions. FICA documents as described in Annexure A of the Rules of Auction and on the Information Tab of our website, are required to be provided to Tirhani Auctioneers when registering for this auction.
- INVOICE INFORMATION:
- If you win multiple lots, you will receive invoices for all successful bids; you cannot choose specific lots to claim.
- 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 cancelled.
This auction operates 'With Reserve'. If you are the highest bidder but the reserve price is not met, the seller is not required to complete the sale. The auctioneer can accept lower bids as instructed by the seller. The Auctioneer reserves their right to accept or refuse the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction and FIC requirements.
Tirhani Auctioneers may place bids during the auction to protect the reserve price, per section 45 (4) of the CPA.
EXTENDED BIDDING: This auction features EXTENDED BIDDING. Any lot with a bid within 1 minute of its scheduled closing time will remain open for bids past its normal close; it will go into extended bidding. Staggered Closing / Lot Closing Speed - 1 lots per 1 min.
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 reserve 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 CONTACT:
Theo Louw Property Queries |
083 946 0218 |
Nompumelelo Hlongwane Property Queries |
076 069 3472 |
Stacy-Lee Campbell Customer Liaison |
082 327 4580 |
Channtell Vogel Bidding System Queries & Support |
071 587 6279 |
Elizabeth Nkhathu Invoicing Queries |
082 329 8984 |
To participate in this online auction, complete and submit all required documents by 4PM on the cut-off date on the Tirhani Auctioneers Buyer’s Portal.
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.
