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Tender 2 The Immovable Property and its applicable property-letting enterprise will be sold under a separate Tender Document as a Going Concern: Remaining Extent of Portion 5 of Erf 2618 Pietermaritzburg, Registration Division FT, Province of KwaZulu-Natal, in extent 1 583 square metres, held by Deed of Transfer T8594/2013 and situated at 179 Jabu Ndlovu Street, Pietermaritzburg
Banking details
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Account holder Bank Account number Branch Reference
: : : : :
Peter Maskell Auctions CC Nedbank 134 309 6103 198765 Purchaser’s name / Sirela
Going concern and VAT position
The Seller will carry on the applicable Going Concern as an income-earning activity until the Transfer Date, and the Parties intend the supply to qualify for VAT at the zero rate under section 11(1)(e) of the Value-Added Tax Act 89 of 1991.
The purchaser is required to be a registered VAT vendor on the Acceptance Date and to remain registered through the Transfer Date. The Tender Document governs the consequences if the supply does not qualify for zero-rating.
Buyer’s costs, Liabilities and Disclosures
• For each Offer, the Purchaser, is solely liable for commission equal to 5% of the Purchase Price plus VAT. It must be paid with the separate 10% Deposit when the relevant Tender Document is submitted. It is earned only upon acceptance and is refundable in accordance with that Tender Document if the Offer is rejected or lapses. by way of EFT. payable to PETER MASKELL`S AUCTIONS CC (the “Auctioneer”) by way of EFT. • At the Purchaser’s cost, the Purchaser shall if required procure a certificate or certificates in respect of all buildings situated on the Immovable Property from a Government and South African Pest Control Association approved eradicator of timber destroying insects. • The Purchaser shall prior to the transfer date in respect of the Immovable Property, deliver at the Purchaser’s expense, to the Conveyancers, a certificate of compliance in terms of Government Regulation No. 2920 of 1992 in respect of the Immovable Property, issued by an accredited person who is registered with the Electrical Contracting Board of South Africa, certifying that the electrical installation of the buildings on that Immovable Property is in accordance with SABS 0142, or is reasonably safe. • In the event of there being a gas installation in the property the Purchaser shall at its cost be obliged to obtain a Certificate of Conformity in respect of such an installation as is required by Section 17(3) of Government Notice R734 of 15 July 2009 stipulated in The Government Gazette 32395. • The Seller does not warrant that all plans are in order and have been approved by the relevant municipality concerned and any outstanding plans will be for the cost of the Purchaser.
Contact Details
Name
Company
Function
Contact Details
Peter Maskell
Peter Maskell Auctioneers
Primary Facilitator
082 800 2800 / peter@maskell.co.za
Seone Maskell
Peter Maskell Auctioneers
Secondary Facilitator
082 809 0188 / seone@maskell.co.za
Danielle Hoskins
Peter Maskell Auctioneers
Advertising & Marketing
082 801 6827 / danielle@maskell.co.za
Asanda Cele
Peter Maskell Auctioneers
Advertising & Marketing
073 660 9477 / asanda@maskell.co.za
The Information Pack
Peter Maskell Auctioneers and the Sellers believe the information contained in this Information Pack or in any other written or electronic material furnished or information orally transmitted to a potential purchaser (including, but not limited to, any opinion, information or advice that may be provided to a potential purchaser by Peter Maskell Auctioneers, the Company and the Sellers or any of their respective directors, officers, employees, agents or advisors) to be accurate in all material respects, but expressly disclaim any and all liability to Peter Maskell Auctioneers, the Sellers and the Company (and any of their respective directors, officers, employees, agents or advisors) (in whose favour this constitutes a stipulatio alteri capable of acceptance at any time) for representations, warranties or statements contained therein as well as the accuracy, reasonableness or completeness of any such information. In providing this Information Pack or in any other information transmitted to a potential purchaser, no obligation is undertaken to update the information contained therein, to correct any information contained therein or to rectify any omission therefrom. Peter Maskell Auctioneers and the Sellers expressly
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