PUBLIC AUCTION - ON SITE - CALLING ON ALL DEVELOPERS !!! DATE: WEDNESDAY 27 JUNE 2018 @ 14H00 | AUCTION ON SITE - Root-X Auctioneers

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          PUBLIC AUCTION                – ON SITE

    DATE: WEDNESDAY 27 JUNE 2018 @ 14H00 | AUCTION ON SITE
                CALLING ON ALL DEVELOPERS !!!
      FANTASTIC OPPORTUNITY FOR RESIDENTIAL 4 DEVELOPMENT

Disclaimer

Auction Details

Property Summary

Additional information | supporting documents

Pictures

DISCLAIMER
Whilst all reasonable care has been taken to provide accurate information, neither Root X
Auctioneers, nor the Seller/s guarantee the correctness of the information, provided herein
and neither will be held liable for any direct or indirect damages or loss, of whatsoever nature,
suffered by any person as a result of errors or omissions in the information provided, whether
due to the negligence or otherwise of Root X Auctioneers or the Sellers or any other person.
The Consumer Protection Regulations as well as the Rules of Auction can be viewed at
www.rootx.co.za or at 526 Atterbury Road, Menlo Park, Pretoria.
Bidders must register to bid and provide original proof of identity and residence on registration.

The Rules of Auction contain the registration requirements if you intend to bid on behalf of
another person or an entity. The above lots are all subject to a reserve price and the sale by
auction is subject to a right to bid by or on behalf of the owner or auctioneer.

AUCTION DETAILS

DATE              :   Wednesday 27 June 2018 @ 14H00

VENUE             :   AUCTION WILL BE HELD ON SITE -
                      No. 21 Montgomery Avenue, Witbank.

AUCTIONEER        :   Dirk Pienaar

CONTACT           :   Louise    –     076 084 8013
                      Zandeline –     079 245 0550

TERMS             :    10% Deposit + Buyers commission + VAT payable immediately on the
                      fall of the hammer.

GUARANTEES        :   45 Days for Guarantees on Acceptance of the offer by the Seller.

CONFIRMATION      :   Within 14 Days from date of Auction

Web Reference     :   10721/LS
                      www.rootx.co.za

RATES AND TAXES   :   TO BE CONFIRMED.

GENERAL

Property Address   :    No. 21 Montgomery Avenue
Nearest Towns      :    Witbank / Middelburg / Bronkhorstspruit

TITLE DEED INFORMATION
Registered Owner :      Proc Corp 200 CC (not registered for VAT)

Province           :    Mpumalanga

Extent             :    1763m²

MUNICIPAL INFORMATION

The local authority in which the properties are situated is EMALAHLENI LOCAL MUNICIPALITY

According to the permitted zoning scheme the property is currently zoned as: RESIDENTIAL 1.

*Approved for Residential 4, 3 Storey Building by City Council.

ABOUT WITBANK / EMALAHLENI
                Witbank was established in 1890 and early attempts to exploit the coal deposits failed until
the railway from Pretoria reached the area in 1894. It was proclaimed a town in 1903 and became a municipality in 1914.
 There are many stories about the city and its origination but the top story would be the arrival of Winston Churchill at the
nearby Transvaal and Delagoa Bay Colliery during his escape from Boer imprisonment in Pretoria, on his way to Delagoa
Bay (later Lourenço Marques, and then Maputo, in Mozambique). Some local residents, loyal to the Crown, assisted him
  in hiding and making the final leg of his escape, thus gaining Witbank the consequent credit once the details of these
   events could be made known. The town has grown since then from a farming community into a business destination
where companies such as Anglo American, BHP Billiton, Evraz, Eskom, Exxaro, Joy, Komatsu, the Renova Group, SAB
Miller, SAMANCOR, Shanduka Beverages, TMISSP and Xstrata amongst many others have found substantial returns on
                                                      their investments.
 On March 3rd 2006, Witbank was officially renamed eMalahleni, meaning 'place of coal', in reference to the area's coal-
                                                  mining heritage

VIEWING:
                          Strictly 1 HOUR Before the
                                    Auction!

ADDITIONAL INFORMATION:

 APPROVED REZONING TO
  RESIDENTIAL 4
 ERF SIZE: 1763m²
 50% COVERAGE: 955m²
 HEIGHT: 3 STOREYS
 30 X UNITS
 44 X PARKINGS
 TOTAL EXTENT OF
  BUILDING: 2865m²
 RATES & TAXES: TBC

HOSPITALS
                                                                      CHURCHES

                                      21 Montgomery
     21 Montgomery                    Avenue
     Avenue

                     SHOPPING MALLS
                                                                       SCHOOLS

21 Montgomery
Avenue

                                                      21 Montgomery
                                                      Avenue

NEARBY RESIDENTIAL COMPLEXES TO DEVELOPMENT PROPERTY:
           Distance 80m

                                      Distance 81m

                                                     Distance 450m

Distance 400m

COUNCIL APPROVAL LETTER

APPROVED MAP WITH STAMP FROM CITY COUNCIL