Important Information
GENERAL INFORMATION
TAKE NOTE THAT A BIDDER'S ACCOUNT HAS TO BE CREATED, AND THEN AFTERWARDS YOU SHOULD OPT IN TO REGISTER FOR THE AUCTION AS WELL
REGISTRATIONS ARE OPEN EVEN IF AUCTION IS ONGOING
LOT IS LOCATED IN EMALAHLENI, SOUTH AFRICA
LOT TO BE SOLD SUBJECT TO CONFIRMATION TO HIGHEST BIDDER
WHATSAPP LINES:
SOUTH AFRICA - (+27) 66 274-9808 / (+27) 72 255-0080
INTERNATIONAL - (+507) 6889-8047
REGISTRATION DEPOSITS AND CURRENCY
ACCEPTED CURRENCY - ZAR OR USD
REFUNDABLE REGISTRATION DEPOSIT – R20000.00 OR $2000.00
ALL DUE DILIGENCE (FICA) DOCUMENTS MUST BE SUBMITTED ALONG WITH REGISTRATION FORM AND PROOF OF REFUNDABLE DEPOSIT PAYMENT TO panabidafrica@outlook.com
BUYER'S PREMIUM
BUYERS IN SOUTH AFRICA - 7% BUYER'S PREMIUM APPLICABLE
INTERNATIONAL BUYERS - 10% BUYER'S PREMIUM APPLICABLE
SALES TAX AND OTHER EXPENSES
TAKE NOTE THAT VALUE ADDED TAX (SALES TAX) IS CHARGED ON THE APPLICABLE BUYER'S PREMIUM AND ON THE SOLD PRICE (PURCHASE PRICE) OF AN ASSET
⤷ 15% VALUE ADDED TAX (SALES TAX) TO BE CHARGED ON THE SOLD PRICE (PURCHASE PRICE) APPLICABLE
⤷ 15% VALUE ADDED TAX (SALES TAX) TO BE CHARGED ON THE APPLICABLE BUYER'S PREMIUM
VIEWING CONTACT INFORMATION
PANABID AFRICA OFFICE - (+27) 66 274-9808
ANRIE LLOYD - (+27) 72 255-0080
VIEWING INSTRUCTIONS
VIEWINGS AVAILABLE BY PRIOR APPOINTMENT ONLY
INVOICING AND PAYMENTS
ALL INVOICING WILL BE DONE ON CONFIRMATION OF ASSETS
INVOICES WILL BE SENT VIA EMAIL TO SUCCESSFUL BUYER
ALL PAYMENTS CAN ONLY BE MADE VIA WIRED/ELECTRONIC BANK TRANSFERS
ASSET TRANSFER
ASSISTANCE WILL BE PROVIDED WITH ALL PAPERWORK REQUIRED
ASSET TRANSFER COSTS WILL BE AT THE BUYER’S OWN EXPENSE
10% OF THE PURCHASE PRICE WILL BE REQUIRED FROM THE SUCCESSFUL BIDDER TO COMMENCE THE TITLE DEED TRANSFER PROCESS
THE OUTSTANDING BALANCE (90% OF THE PURCHASE PRICE) WILL BE SETTLED UPON FINAL SIGNATURE OF THE TITLE DEED
ALL REVOCABLE BANK GUARANTEES MUST BE SUBMITTED IN FAVOR OF THE SELLER