RULES OF AUCTION

 

This auction is a Timed Online Auction and will be held from Tuesday, 4 August 2026 at 12:00 until Wednesday, 5 August 2026 at 12:00 on the www.vansauctions.co.za online platform. If a bid is made on a lot within five minutes before close, such lot will extend for 5 minutes until 12h05, and thereafter continuously for 5 minutes if a bid is placed within the 5 minutes before closure.

The Auctioneer is Johan van Eyk from Van’s Auctioneers at 36 Gemsbok Street, Koedoespoort Industrial, Pretoria  and telephone number 086 111 8267.

 

The sale shall be subject to the control of the auctioneer who shall have the sole right to regulate the advance in bidding. We are selling per rising bid in South African Rand.

VAN’S AFSLAERS GAUTENG (PTY) LTD will be selling on instructions from the

JOINT LIQUIDATORS OF BLUE HORISON INVESTMENTS 11 (PTY) LTD

(IN LIQUIDATION), REGISTRATION NUMBER: 2005/019801/07

Under Master’s reference number: T1081/16

LOT	ERF NUMBER	TITLE DEED	SIZE
18	5489	T15187/2009	500
19	5490	T15187/2009	537
20	5491	T15187/2009	550
21	5494	T15187/2009	500
22	5495	T15187/2009	498
23	5498	T15187/2009	500
24	5499	T15187/2009	500
25	5500	T15187/2009	553
26	5503	T15187/2009	525
27	5505	T15187/2009	607
28	5506	T15187/2009	525
29	5508	T15187/2009	510
30	5509	T15187/2009	514
31	5510	T15187/2009	509
32	5512	T15187/2009	517
33	5516	T15187/2009	549
34	5521	T15187/2009	579

to sell by public auction the property known as:

LOT	ERF NUMBER	TITLE DEED	SIZE
1	5637	T15187/2009	2,5659 ha
2	5469	T15187/2009	500
3	5470	T15187/2009	500
4	5471	T15187/2009	500
5	5472	T15187/2009	500
6	5473	T15187/2009	500
7	5475	T15187/2009	500
8	5476	T15187/2009	500
9	5477	T15187/2009	500
10	5478	T15187/2009	440
11	5480	T15187/2009	482
12	5481	T15187/2009	482
13	5482	T15187/2009	578
14	5483	T15187/2009	500
15	5484	T15187/2009	500
16	5486	T15187/2009	500
17	5488	T15187/2009	500

Ellisras Extension 70, Registration Division IQ, Limpopo Province

Held by deed of transfer number: T15187/2009

And

LOT	ERF NUMBER	TITLE DEED	SIZE
35	5738	T39733/2009	549
36	5739	T39733/2009	523
37	5740	T39733/2009	540
38	5741	T39733/2009	514
39	5742	T39733/2009	549
40	5743	T39733/2009	549
41	5744	T39733/2009	531
42	5745	T39733/2009	507

Ellisras Extension 97, Registration Division IQ, Limpopo Province

Held by deed of transfer number: T39733/2009

in favour of: BLUE HORISON INVESTMENTS 11 (PTY) LTD, REGISTRATION NUMBER: 2005/019801/07

Subject to the following auction rules:

1.The property will be sold to the highest bidder (herein referred to as the PURCHASER) but subject to confirmation by the SELLER, which confirmation can be withheld by the SELLER without furnishing reasons therefore. The PURCHASER is unconditionally and irrevocably bound to his bid for 14 calendar days excluding date of signing of the conditions of sale, and the onus will rest upon the PURCHASER to establish whether his bid was confirmed, or not.

2.Higher offers may be made prior to confirmation or registration of transfer (whichever occurs first.)

           Such higher offers must be made to the AUCTIONEER on the same Terms and Conditions as the auction offer and the highest bidder at the auction shall have the right to equal such offers which offer will be preferent to any other offers. The PURCHASER from the auction must exercise this right within 24 hours (excluding public holidays and weekends) after being so notified by the AUCTIONEER, by submitting an equivalent offer and supplementing his deposit accordingly.    

3.It is specifically recorded that the bids of both the highest bidder and the under bidder (the second highest bid) will stand and be regarded as legally binding for consideration and acceptance by the Seller(s). The decision regarding acceptance of any offer shall be entirely at the discretion of the Seller(s).

4.       Both these bidders shall sign the Conditions of Sale for their respective bids immediately after closure of the auction. Both bidders will also be required to make payment of the deposit and commission (plus VAT, if applicable) as provided for elsewhere in the Conditions of Sale. If the highest bidder does not perform his or her duties as provided for in the Conditions of Sale and the Rules of Auction then the bid of the under bidder shall be regarded as the auction offer.

5.In the event of a dispute arising in regards to a bid made, the AUCTIONEER will have the discretion to put the property up for auction again and his decision will be final.

6.The PURCHASER shall be liable for payment of all duties, levies and taxes, calculated as from the date of possession and/or occupation, but shall not be held liable for any arrears.

7.The property is sold Voetstoots, and neither the AUCTIONEER nor the SELLER gives no guarantee as to the extent, patent or latent defects, the nature, quality or legality of improvements, or the legality of any activities practiced thereon, and will not be held liable for any damages arising from same. By taking part in this online auction the bidder aknowledges that he/she/it has acquainted himself with the condition of the property.

8.Payment method:

a.A Registration Fee of R25,000 (TWENTY-FIVE THOUSAND RAND) is payable. This will be refunded to all non-successful bidders, and accounted for against the deposit as required below from the highest bidder.

b.10% of the full purchase price as a deposit, by electronic  transfer (EFT) simultaneously with signature of the Conditions of Sale by the PURCHASER or as requested by the AUCTIONEER, which deposit, after confirmation and deduction of auctioneer’s commission, expenses and fees (if applicable), will be paid over to the Estate Account.

c.The PURCHASER shall be liable for payment of interest calculated at 1% per month on the balance of the purchase price from date of possession and/or occupation (whichever occurs first) to date of registration of transfer which interest shall be deemed as occupational rent.

 

d.The balance of the purchase price shall be paid or secured by means of a guarantee acceptable to the SELLER, within 45 days from date of confirmation, payable upon registration of transfer.

9.The SELLER will be liable for auctioneers’ commission of 6% of the purchase price (exclusive of VAT).The PURCHASER shall upon demand be liable for payment of VAT which is not included in the purchase price, or Transfer Duties, whichever is applicable.

 

10.Possession and/or occupation will be given and taken subject to any existing lease agreements, leasing, tenancy or legal or illegal occupation, on date of  confirmation, or as agreed upon in writing between the parties, from which date the sole risk, profit or loss of the property shall rest upon the PURCHASER. The SELLER and the AUCTIONEER do not guarantee vacant occupation.

11.SPECIAL CONIDITIONS

11.1    Should the SELLER, for whatsoever reason, be unable to give transfer or to proceed

with the sale, after the confirmation of the sale, the sale can be cancelled at the

SELLER'S instance, and the PURCHASER will have no claim for any damages or

other claims from whatever origin or nature. In this circumstance all monies already

paid by the PURCHASER, excluding any interest thereon, will be refunded to the

           PURCHASER.

11.2    The Purchaser will have to become a member of the “Ledibeng Eco Estate” Home Owner’s Association, and will be subject to the Rules and Regulations thereof

12.The terms and conditions of this agreement shall constitute the sole agreement between the parties concerned and no variation or amendment thereto shall be binding unless agreed upon in writing and signed by the SELLER and PURCHASER. The Terms and Conditions of the full Conditions of Sale are incorporated herein and the PURCHASER is bound thereby.

13.In compliance with the National Consumer Protection Act and the Regulations thereto, Vendor Bidding is permitted at the auction, and the SELLER, AUCTIONEER or a Vendor Bidder representing the SELLER or the AUCTIONEER may bid up to an amount and not exceeding the Reserve Price.

           

14.These Rules of Auction comply with the provisions of Section 45 of the Consumer protection Act, 68 of 2008. Sub sections (1), (2) and (3) of this Section provides as follows:

“(1) In this section, ‘‘auction’’ includes a sale in execution of or pursuant to a court order, to the extent that the order contemplates that the sale is to be conducted by an auction.

(2) When goods are put up for sale by auction in lots, each lot is, unless there is evidence to the contrary, regarded to be the subject of a separate transaction.

(3) A sale by auction is complete when the AUCTIONEER announces its completion by the fall of the hammer, or in any other customary manner, and until that announcement is made, a bid may be retracted.”