Vacant Erf for auction in Stilfontein Ext 4

R300,000

Web Ref: 1242613

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ERF Size 2,243 m²

Rates R348 per month

2243sqm Vacant erf with approved plans for twelve flats.

Going on Auction: Wednesday 22 May 2024
Reserve Price: R300 000.00 (All offers will be reviewed)
Expected opening bid: R280 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)

This large vacant erf has a Geotech report. Approval plan from the municipality and has been rezoned for apartments. There is a borehole as well as a Telkom tower. The property must be sub-divided before transfer can take place. The seller will be responsible for the cost of the sub-division.

Rawson Auctions (Southern Region) are obligated by law to market the property at the Reserve Price as listed herein. A “Reserve Price” is a minimum Rand amount the Seller will accept as the winning bid, and is not necessarily the property’s market value, nor the amount the property is likely to be sold for on the day of the auction. The Seller reserves the right to consider all offers.