AUCTION SALE OF REUVEN/BOOYSENS PRIMARY SCHOOL – CAPABILITY OF 350 PUPILS – CURRENT RENTAL OF R24 500-00 GROSS
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.
AT : 17 BENRAY ROAD, REUVEN
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