|108 HA FARM
Going on Auction: Wednesday 08 December 2021
Reserve Price: R8 500 000.00 (All offers will be reviewed)
Expected Opening Bid: R8 000 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
108Ha Farm between Riversdale and Ladysmith. 165sqm home with a workshop, garage and flatlet. Two workers cottages, outbuildings, shed, 11 camps and ample water (Two new boreholes drilled recently - delivering 45000L per hour and 10000L per hour respectively). Farm sold as a going concern.
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.
ERF Size 86.000 ha