The Online Auction of 2 Commercial Properties in Piet Human Street, Hamilton, Bloemfontein took place on 10 October.

Opportunity to purchase one or both properties.

Lot 001 (Piet Human 3-5) closed on R 1 250 000-00

Lot 002 (Piet Human 2-6) closed on R 950 000-00

Lot 003 (For both Piet Human 3-5 and 2-6) closed on R1 400 000-00

Hereby notice of Extended period for higher offers and invitation to participate, closing on 24 October @ 13H30

Offers can be placed online. Call Reuben for assistance and more info 0823744388

Link to Auction Platform to place a higher Offer:

https://rsauctioneers.bidpro.co.za/Auctions

Offer Procedure:

Offerers can Offer simultaneously on Lot 001, 002 and 003.

The Lots will close in sequential order.

Lot 002 will stay open for Offers until Lot 001 has closed and will then start closing and count down.

Lot 003 will stay open for Offers until lot 001 and 002 has closed.

After Lot 002 has closed, Offerers bidders who want's to purchase both the properties (Lot 001 and Lot 002) have the opportunity to Offer on Lot 003.

The Offer amount of Lot 003 must exceed the total of Lot 001 and Lot 002 together, in order to be succesfull.

During the Offers, the asking Offer of Lot 003 should automatically be an Offer higher than the current Total of Lot 001 and Lot 002 together.

In the event that the Offer amount of Lot 003 is higher than the total of Lot 001 and 002, at closing time of the Lots, the amount of Lot 003 will be accepted as the highest Offer amount and it will oversee the two individual higher Offers of Lot 001 and 002.

The current Highest Bidder when the auction closed has the right to equal the highest offer and his Offer will be accepted as the Purchaser, subject to acceptance of the Seller.

Read the full Terms and conditions of Sale, Special Conditions of Sale and Rules of Auction which can be downloaded under the Documents Tab or dropdown menu.

When an Offerer submits an Offer, it is confirmation that all the Terms and Conditions are understood by the Offerer and no Offer placed, can be withdrawn.

Lot 001 – Property Erf / Stand number 21311

Consolidation of 2 stands Piet Human Street no 3 and 5.

In extend 7 930 m² (Seven Thousand Nine Hundred and Thirty Square Metres).

Industrial 1 Zoning:

Uses permitted as a primary right:

Industrial Purposes, Light Industry, Service Industry, Vehicle Workshop, Scrap Yard, Vehicle Showroom / Dealership, Commercial, Auction Premises, Offices, Animal Establishment, Funeral Services, Municipal / Government Purposes, Public Parking Area, Service Station.

Uses permitted as a secondary right with consent in terms of regulation 44:

Panel beating / Spray painting, Auction Pen, Crematorium, Caretaker Dwelling Unit, Shop, Place of Instruction (Adult instruction only), Place of refreshment for own employees only, Urban Agriculture, Renewable Energy Infrastructure, Telecommunication Infrastructure.

Infrastructure:

Office Block – 344 m²

Carports x 8 – (93 m²)

Factory / Workshop / Store (1 215 m²)

Lot 002 – Property Erf / Stand number 21311

Consolidation of 3 stands Piet Human Street no 2, 4 & 6.

In extend 15 593 m² (Fifteen Thousand Five Hundred Ninety Three Square Metres)

(1.5593 Hectares).

Industrial 1 Zoning:

Uses permitted as a primary right:

Industrial Purposes, Light Industry, Service Industry, Vehicle Workshop, Scrap Yard, Vehicle Showroom / Dealership, Commercial, Auction Premises, Offices, Animal Establishment, Funeral Services, Municipal / Government Purposes, Public Parking Area, Service Station.

Uses permitted as a secondary right with consent in terms of regulation 44:

Panel beating / Spray painting, Auction Pen, Crematorium, Caretaker Dwelling Unit, Shop, Place of Instruction (Adult instruction only), Place of refreshment for own employees only, Urban Agriculture, Renewable Energy Infrastructure, Telecommunication Infrastructure.

Infrastructure:

Workshop – 418 m²

Office Section in Workshop – 192 m²

Factory 1 with plant area – 711 m²

Factory 2 with plant area – 1 182 m²

Store – 952 m²

Ablutions – (43 m²)

Security building

Lot 003 – Bid one Amount for both the 2 stands in:

Lot 001 – Property Erf / Stand number 21311

                          and

Lot 002 – Property Erf / Stand number 21311

Contact: Reuben Saayman 082 374 4388

Auction Admin and Registration Suzette Saayman 082 411 3419

CONTACT DETAILS:

Auctioneer: RS Auctioneers PTY (Ltd) 2

Contact No: +27 823744388

Email: rsauctioneering@gmail.com