AUCTION SALE OF REUVEN/BOOYSENS PRIMARY SCHOOL – CAPABILITY OF 350 PUPILS – CURRENT RENTAL OF R24 500-00 GROSS

DECEASED ESTATE

REUVEN/BOOYSENS

PRIMARY SCHOOL

    WITH CAPABILITY FOR 350 PUPILS

CURRENT RENTAL OF R24 500-00 GROSS 

ESTATE LATE: D.W. DREYER-JUSELIUS

MASTERS REF NO: 000501/2019

 

Duly instructed by The Executor in the above matter we will sell, entirely without reserve, subject to confirmation, the following fixed property:

Fixed Property: The Mustard Seed Christian School is a school constructed of old style red brick under corrugated iron roof with main admin office, ablutions and classrooms with capability of 350 pupils.

The property is fully fenced and walled and has playgrounds and a field and the usual corridors and staff ablutions.

The school is currently under lease until 30th April 2023 with rental income of R24 500-00 per month with escalation.

This would make an ideal investment opportunity for potential purchasers looking for return on investment.

The auction will be conducted on site and please take note of strict viewing times. COVID rules and regulations will apply.

 

ON   :            WEDNESDAY 21st APRIL 2021 @ 10:30 a.m.

                     SHARP on site           

VIEWING:    TUESDAY 20th APRIL 2021  10:00 a.m. – 3:00 p.m.

                     Strictly!!!  

AT    :           17 BENRAY ROAD, REUVEN

 

TERMS:

A deposit equivalent to R100 000-00 strictly by way of EFT 24 hours prior to the auction sale in order to register to bid.

Guarantees within 60 days from date of confirmation by the Executor .

No buyers commission.         

   

FICA Requirements in order to register.  

Private Bidding :

Certified Copy of proof of residence – not older than 3 months

Certified copy of ID. 

Company Bidding : 

Certified copies of current proof of home address of each member

Certified copies ID Document of each member

Representatives of a company must have a proxy letter and proxy’s ID

Certified copy of proof of business address

Certified copy of CK1

Certified copy of CIPRO

Certificate copy of SARS certificate

 

PLEASE NOTE THAT IF YOU CANNOT PRODUCE THE ABOVE FICA DOCUMENTS YOU CANNOT REGISTER AND WILL THEREFORE NOT BE ABLE TO BID 

 

All of the above is subject to change without prior notice.

Tel 0114781285 / 0114783694 | Fax 0116781631
P.O. Box 1434, Northcliff, Gauteng, 2115
Email: jill@justauctions.co.za