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Property Auction
ONDANGWA VACANT ERF – ON AUCTION 01 DEC 2022!
Listing # 4128
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Listing Format: Auction
Current price : N$2 800 000,00
# of bids: 0
Closes: Auction is closed
Location: Ondangwa, Namibia
Started: 2022/11/24 12:00:00 PM
Ended: 2022/12/01 12:00:00 PM
Seller: dederick (1)
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ADDITIONAL INFORMATION
Description: ONDANGWA VACANT ERF – ON AUCTION 01 DEC 2022!
Price: N$2 800 000,00
Region: OSHANA
DESCRIPTION

 

5 767m² VACANT ERF IN ONDANGWA – ON AUCTION 01 DEC 2022 @ 12:00!

ERF NUMBER 1242, ONDANGWA (EXT. No3)

Registered in a Private Company (Minimal Transfer Fees and Costs)

AUCTION DATE: 01 DECEMBER 2022 @ 12:00

AUCTION VENUE: WINDHOEK PALM HOTEL, WINDHOEK WEST

Auction Dynamix will present by means of PUBLIC AUCTION:
• Erf No. 1242, measuring 5,767m² in extent, situated in the Municipality of Ondangwa , Oshana Region. By Deed of Transfer No. T 1806/2005

IMPROVEMENTS:

 NONE

IMPORTANT INFORMATION:

* Erf Size = 5,767m²

* Zoning = Residential/Industrial

* The erf shall be used for flats and bussiness purposes other than a factory. Provided that where a building is erected for business purposes, the ground floor shall not contain any flats, and no flats shall be constructed on the same floor as any business or office.

VIEWING: Viewings can be arranged by appointment.

Please contact  Leonard at 0811291019 or leonardcloete@ymail.com or Dederick at 0811289090 or dj@sternlink.com.na for more information, contracts and photos.

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 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$ 25,000-00 (Twenty Five 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. 10% Buyer's deposit & 5% Buyers commission (+ V.A.T.) payable on the fall of the hammer.
7. The balance of the Purchase Price will be payable in Cash or Electronic Fund Transfer or acceptable bank guarantees within 21 working days of the Auction.
8. No V.A.T. will apply on the Purchase Price and Transfer of Shareholding in the Private Company.
9. Possession and Occupation on Registration of Transfer.
10. Even though the properties will be sold "subject to confirmation", the conditions above will still apply. The Seller or Authorised Seller reserves the right to accept or refuse any bids before or on 12:00 on Thursday 08 December 2022.
11. The Auctioneer reserves the right to withdraw any Lot at any time prior to, during or after the Auction.
12. Telephone & Proxy Bidders are advised to register in advance and adhere to all requirements of the Auctioneer before they will be allowed to bid.
13. 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.

 

 

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