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ON AUCTION! 1620m² OFFICE / RESIDENTIAL DEVELOPMENT ERF!!!
Listing # 1719
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Listing Format: Fixed Price
Price per item: Buy Now for N$8 800 000,00
Quantity: 1
Closes: 45 Days, 21 Hours
Location: WINDHOEK, Namibia
Started : 2019/11/05 12:06:00 PM
Ends: 2019/12/31 12:06:00 PM
Seller: dederick (1)
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ADDITIONAL INFORMATION
Description: ON AUCTION! 1620m² OFFICE / RESIDENTIAL DEVELOPMENT CORNER & ELEVATED ERF!!!
Price: N$8 800 000,00
Region: KHOMAS
DESCRIPTION

ON AUCTION! 1620m² OFFICE / RESIDENTIAL DEVELOPMENT CORNER & ELEVATED ERF!!!

AUCTION DATE: 5 NOVEMBER 2019 @ 12:00
AUCTION VENUE: ON-SITE (31 BURG STREET, WINDHOEK)

Auction Dynamix gladly presents by means of PUBLIC AUCTION:
* Erf No. 5500, Windhoek, measuring 1620m² in extent, located in the Municipality of Windhoek, Khomas Region, Registration Division "K" and held by Deed of Transfer T7141/2014.

DESCRIPTION:
* The property is situated south of the CBD, in Burg Street (with access from same), Windhoek. It is very visible from the Robert Mugabe and Jan Jonker intersection, and is opposite Maerua Mall, the relatively newly-built MOTH-Centre and next to the Namibian Stock Exchange / Bidvest building. The Namibia Stock Exchange borders the property to the North and the Burg's View Boutique Hotel is visible to the East. The Property offers good views to the West of Windhoek, overlooking Maerua Mall, the Windhoek Show Grounds and Residential Areas to the South-West.

* Undeveloped property (Current structure advisable to be demolished).

* Office Zoning with Bulk of 0.75 (Office space 1,215m²) PLUS Free Residential Bulk of 0.50 (Residential 607m²) approved and in place (supporting documentation available on request). Total opportunity to build a total of 1,822m² new structure.

* Approved Building Plans (available and included in the Sale) for a 3-Storey Building including Lower Ground Level for Parking Bays, Ground Floor for Offices, First Floor for Offices and Second Floor for 10 Residential Units.

* Valuation dated 23 September 2019 in place (available on request).

VIEWING: Viewings can be arranged by appointment.

Please contact Dederick at 0811289090 or Dederick@auctiondynamix.com or Leon at 0812844238 for more information or supporting documentation.

Auction Conditions:

1. Bidders Registrations will be entertained at any time prior to the Auction and WILL CLOSE STRICTLY AT 12:00 ON THE DAY OF THE AUCTION. NO LATE REGISTRATIONS WILL BE ACCEPTED. Please register on time to avoid disappointment.

2. The Actual Auction will only commence as soon as the Auctioneer is satisfied that all Registered Bidders (as per Section 1 above) are capable of participating in the Auction (at his sole discretion) and can adhere to the Auction Conditions.

3. Please note: Bidders (potential Buyers) applying for finance (via a Financial Institution), should do so before the Auction and have confirmed finance before they will be allowed to bid.

4. Satisfactory WRITTEN proof of financial capabilities should be provided to the Auctioneer before the Auction (ie. we will require a letter from your financial institution confirming that you are capable of paying the Deposit and Commission directly after the Auction).

5. N$ 100,000-00 (One Hundred Thousand Namibia Dollars) Registration Deposit payable. The Registration Deposit will form part of the 10% Buyer's Deposit (as indicated below) should you be the successful Bidder, alternatively it will be refunded.

6. A 10% Buyer's deposit will be payable on the fall of the hammer.

7. No Buyers Commission applicable and transfer fees and costs included.

8. The balance of the Purchase Price will be payable in Cash or Electronic Fund Transfer or acceptable bank guarantee within 21 working days of the Auction.

9. No V.A.T. will apply on the Purchase Price.

10. Possession and Occupation of the Property will be given on Registration of Transfer.

11. Even though the property will be sold "subject to confirmation", the conditions above will still apply. The Seller reserves the right to accept or refuse any bids within 48 hours of the Auction.

12. The Auctioneer reserves the right to withdraw the Lot at any time prior to, during or after the Auction.

13. Telephone & Proxy Bidders should register prior to the Auction and adhere to all requirements of the Auctioneer before they will be allowed to bid.

14. The Seller or Authorised Seller reserves the right to determine a Reserve Price before or during the Auction and it remains in the absolute discretion of such Seller or Authorised Seller to sell the property during or after the Auction.

15. The Sale will be subject to the acceptance of the Seller/s. 

Price: N$8 800 000,00
 
Auction Dynamix will inform the seller of your intent to purchase this item.

Your purchase is a contract between you and the item seller. If you submit this purchase you will enter into a legally binding contract.

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