Archived Auctions - Industrial, manufacturing & mining equipment

Auction info:

Industrial, manufacturing & mining equipment
Portion 144 of the Farm Leeukuil
No. 596- IQ Mario Milani Drive
South Africa

23 Feb 2017
at 09:00

Auction description

Online Only Auction To view the Ash Dump please call John Tibane 082 793 5733 for an appointment Duly instructed by the Seller, we shall sell on public auction (Online) to the highest bidder. This auction is conducted in accordance with the General and Specific Rules of Auction, as defined by Tirhani Auctioneers and Emfuleni Municipality. Reserve price is applicable. VENDOR BIDDING: This being an auction subject to a reserved or upset price as outlined in clause 3.2 of the General Rules of Auction, notice is hereby given in terms of section 45(4) of the CPA that, the seller, or the owner, or the auctioneer, or any other person on behalf of the seller, or the owner, or the auctioneer, as the case may be, may bid at the auction up to the reserve price but not equal to or exceeding the reserve price. REGISTRATION FEE: (Refundable Deposit) R1 000,000.00 *This deposit cannot be used to form part of any invoice payment.* 14% VAT on hammer price ~ BUYERS COMMISSION: 7.5% inclusive of VAT ~ ADMIN FEE: NO ADMIN FEE ~ PAYMENT: EFT Buyers Commission & VAT will be added to the Bid Price on your invoice. N.B. DEBIT CARDS, CREDIT CARDS AND CHEQUES ARE NOT ACCEPTED AS FORMS OF PAYMENT. Cash payments shall be subject to a cash handling fee of 2% added to the amount of cash deposited into the Tirhani Auctioneers account. We suggest that deposits and payments are made by way of Electronic Funds Transfer (EFT).

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