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Tender details
www.maskell.co.za l danielle@maskell.co.za l 082 801 6827 l 033 397 1190
Dear Sir/Madam
Sirela Trading (Pty) Ltd (“The estate”) is under Business Rescue and the Business Rescue Practitioner (being Messr Neil Button N.O. (the “BRP") has made the decision to dispose of the Immovable Properties by way of a Tender Process. The BRP has appointed Peter Maskell's Auctions CC ("Peter Maskell Auctioneers") as their agent.
We are pleased to invite you to participate in the Tender Process in respect of the Proposed Transaction.
Tender details
Tender closing date Tender delivery
: :
Friday, 16 th October 2026 at 12h00 Each completed, signed and initialled Tender Document must be delivered in its own sealed envelope by hand to Peter Maskell’s Auctions CC, Unit 1, 3 Wembley Terrace, Wembley, Pietermaritzburg, by the closing deadline. & marked “ Sirela Trading Close Corporation (under business rescue) - Tender Document ”
Tender information pack
The Tender Documents and Property information can be accessed via the link: https://1drv.ms/f/c/ca28e23f7a0429c1/IgACxyikqq3PR5Gvdy_UOXUAAf7hSHZWpgW3CxJ1pUjOimw?e=VEsVlf
Mandatory requirements and deposits
• FICA documents to be provided (i.e.) Proof of residence, Identity document, and CIPC documents if purchasing in a company capacity. • Proof of VAT registration. • Authorising resolution where applicable. • All purchaser/signatory information required as per the Tender Document • The Purchaser shall lodge with the tender, proof of payment for the deposit of 10% of the Purchase Price offered under the relevant Tender Document, payable to PETER MASKELL`S AUCTIONS CC (the “Auctioneer”) by way of EFT. • The Purchaser shall lodge with the tender, proof of payment for the Agent’s commission of 5% of the Purchase Price under the relevant Tender Document plus VAT, payable to PETER MASKELL`S AUCTIONS CC (the “Auctioneer”) by way of EFT. • The Purchaser should provide a letter with a detailed description of how they intend to finance the balance of the purchase price for the acquisition of the immovable property, including details of the sources of funding, support or commitment letters from your funding banks (evidencing the availability of debt and/or cash funds) and an outline of the intended process for securing committed funding, including any potential conditions precedent or other issues relating to the draw-down of such funding. In this regard, we note that funding comfort is of paramount importance to the Seller and the greater comfort which the letter is able to provide the Seller in this regard, the more favorably the Tender will be viewed by the Seller. • No consideration will be given to any Tender Document which is not delivered timeously in accordance with the provisions, and which is not accompanied by the required Deposit.
Method of Sale
Two separate tenders:
A prospective purchaser may participate in either or both tenders, but must submit a separate, complete Tender Document and comply separately with all payment and submission requirements for each Offer. Tender 1 The two Immovable Properties and the applicable property-letting enterprise will be sold together as one indivisible Going Concern. No Offer may be made for either constituent property separately: Property A Portion 13 of Erf 2621 Pietermaritzburg, Registration Division FT, Province of KwaZulu-Natal, in extent 1 599 square metres, held by Deed of Transfer T31788/2008 and situated at 212 Langalibalele Street, Pietermaritzburg. Property B Portion 10 (of 1) of Erf 2621 Pietermaritzburg, Registration Division FT, Province of KwaZulu-Natal, in extent 1 071 square metres, held by Deed of Transfer T18721/2012 and situated at 20 Club Lane, Pietermaritzburg
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