Purchase of residential property – erf 1846, 12 faraday street, vaalpark, sasolburg

Enquiries: Jeanette Botes, Tel: (011) 800 5836. Site viewing/contact: Adelle Fourie, Tel: 013 693 2887, Email: [email protected]; Nthabeleng Mokoena, Tel: 013 693 4329, Email: [email protected]. Submission address: Eskom’s Tender Box, Back Entrance, next to Nick’s shop, Eskom Megawatt Park, Maxwell Drive, Sunninghill or email [email protected] or fax 086 212 7654.

Submit your offer to purchase using the 'Offer to Purchase' document. Required returnable documentation: completed 'Offer to Purchase' form, copies of ID documents, pre-approved bond letter or bank letter stating qualifying amount. Submit via one of these methods: sealed envelope marked 'Offer to Purchase Confidential Enquiry No. IRP294' to Eskom’s Tender Box at Back Entrance, next to Nick’s shop, Eskom Megawatt Park, Maxwell Drive, Sunninghill; or fax to 086 212 7654; or email to [email protected]. Late offers will not be accepted. All offers are treated as confidential.

Evaluation is based 100% on financial criteria (best price). Offers below the reserve price (R680,000.00 excl. VAT) will not be accepted. Bidders must meet B-BBEE compliance criteria as per the Codes of Good Practice. Evidence of B-BBEE compliance must be submitted.

Property details: Erf 1846, 12 Faraday Street, Vaalpark, Sasolburg, extent 937m². Dwelling includes: 3 bedrooms, 2 bathrooms, open-plan dining and lounge, kitchen. Outside buildings: single garage, staff room with bathroom. Property sold VOETSTOOTS (as-is), subject to all conditions of title and servitudes. Purchaser must address any environmental requirements indicated in the environmental due-diligence report at their own cost. Undisturbed occupation given upon registration in purchaser’s name.

Quote the tender enquiry number (IRP294) on all correspondence. Price must exclude costs (e.g., transfer duties, registration fees). If VAT applies, indicate VAT number and separate VAT from the property price. Purchaser is liable for all transfer and bond costs, payable to an interest-bearing account per Section 78(2A) of the Attorneys Act. Proof of funds (bank letter) payable within 14 days upon signing the deed of sale is required. Deed of sale and servitude agreement must be signed within 30 days of notification. Reserve price: R680,000.00 (excl. VAT).

Tax Clearance Certificate (in respect of tenders) from SARS must be submitted with the tender. Taxes of the successful tenderer must be in order, or suitable arrangements must be made with SARS. B-BBEE compliance evidence required as per Codes of Good Practice. Each party in a consortium must complete a separate declaration. Non-compliance may result in cancellation of the disposal agreement and damages claimed.