Lindiwe Auctioneers.

Industrial Property On Auction

The property is located in Pretoriasstad in Nigel, this is the Industrial area where many of the reputable companies are domiciled. Each and every Industrial property engulfed by the Industrial area is functional thus making the area a very economically active one.

The Industrial Area is located in very close proximity with the Nigel town and other amenities such as:

Nigel Prison
Nigel Train Station
KFC
The Angelo Mall
Golden Buffal Spur
Nic Buttari Toyota
Wimpy Nigel
Solly's Exhaust
Caltex

The property just needs some few refurbishments here and there, it can either be brought back to the market or be leased to businesses.

Land Size: 4590 m2

The property consists of:

Office × 1 (Ground Floor) 142 m2
Office × 2 (On the recently extended structure)
Workshop (Ground Floor) 400 m2
Workshop 2 (First Floor) 72 m2
Workshop 3 ( Ground Floor) 52 m2
Workshop 4 (Grounf Floor) 46 m2
Storage (Ground Floor) 187 m2
Warehouse (Ground Floor) 344 m2
Warehouse 2 (Ground Floor) 117 m2

A refundable registration fee of R 5000 is required before anyone could be accepted as a bidder.

Absentee bidders are requested to submit their written offers prior to the auction date and are not in anyway whatsoever exempt from paying the registration fee.

Absentee bidders who submitted written offers will be bind by the written offers should they happen to be successful bidders.

Written offers from registered bidders prior to the auction date are accepted.

All auction rules are observed and appy to each and every bidder, the rules will be shared with the registered bidders.

Viewings are done on appointment

For registrations please contact:
0822336665
[email protected] or Vista www.lindiweauctioneers.co.za for self registration.

Maungani Lodge And Guest House on Auction

*An opportunity for owning a student accommodation or a lodge depending on the business preference of the buyer.

* The Lodge is located just some few Kilometers away from Thohoyandou Town and the university of Venda, which makes the Lodge a reliable Accommodation for both students and people on an expedition to explore the natural beauty that Thohoyandou and other surrounding areas possess.

*As indicated on the poster, the lodge offers 49 spacious bedrooms, 2 bed and 2 bath managers house. The Lodge is very flexible to the extent that it can conform to the plans of the buyer, should the buyer want to convert to it into a student accommodation, that can be easily attained without having to embark on a refurbishment project.

* The current owner/seller has already submitted applications to the relevant institutions in order to have the property recocognized as a hospitable and reliable residence for students. Should the application be accepted by the relevant institutions which there is high probability of it to be accepted, the lodge has the capacity for housing 98 students with one student paying R 2500 a month.

*Currently the lodge generates R 270, 000.00 a month.
*Land size is 3600 Square Meters
* 49 Bedrooms
* 2 Bed Managers' house with 2 baths
* Laundry Room
* Reception
*Linen Room
* Office

All Relevant Documents are available, such as the financial statements and the likes.

Date of Auction: 18 November 2022
Viewing: Appointment
Registration Fee: R 10 000 repayable after the auction.

NB: There isn't a Title Deed for the property but only Tribunal Land which makes it impossible for a buyer to buy through bond, which means only cash buyers are allowed do bid on the property.

For more info contact:
0822336665
[email protected]
Www.lindiweauctioneers.co.za