Vacant Land for auction in Karkloof Estate, Howick
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Web Ref: 1289700
Property Features
VACANT LAND OF 49.5740HA AND 33.8419HA SOLD AS ONE LOT
Going on Auction: Wednesday 26 March 2025
Reserve Price: R1 800 000.00. (All offers will be reviewed)
Expected Opening Bid: R1 700 000.00
Non-refundable 10% commission plus VAT over and above the purchase price to Rawson Auctions on fall of the hammer (Payable by the buyer)
Two vacant portions on Farm Cragieburn Estate being auctioned as one lot. Portion 16 covers 49.5Ha and Portion 18 covers 33.8Ha of vacant land. Soil tests are currently in progress, and water and electricity has already been connected in the area. The combined property offers a total of 83.3Ha of arable land ideal to establish a new farm or expand existing land. The seller is not registered for VAT.
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.
Location
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Registered with the PPRA
Registered with the PPRA
Franchisee of Rawson Residential Franchises (Pty) Ltd | Registered with the PPRA
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