Eastern Cape Development Corporation (ECDC)
has resolved to dispose a portfolio of non-core and non-strategic immovable properties 
which are not required for the provision of basic services. The objective of the land disposal project is to lower ECDC’s operating costs and raise capital to fund essential service delivery initiatives. Mthatha has been identified as the first batch of properties to be put on sale. We are very excited to present you with the following vacant properties for sale!

 

Registration FeeR50 000 refundable.
Confirmation Period15 days confirmation period by the seller.
Deposit on Purchase Price10% payable by electronic transfer (EFT).
Guarantees on Balance15 days from date of acceptance.
Buyer’s Commission10% plus VAT.
Outstanding Rates and Taxes & LeviesSELLER is liable for all outstanding rates and taxes & levies.
Bidders must adhere to FICA requirements on registration. No cash will be accepted for the auction.

Bidders must familiarise with all terms and conditions of sale attached as the finer details of all disclaimers are there – including any encroachments if applicable.

NOTESThis auction is ‘With Reserve’. Although you may be the ‘High Bidder’ for a Lot, note that if the Reserve is not met, there is no commitment from the Seller to sell. The sellers shall be entitled to instruct the auctioneer to accept a lower bid. The Auctioneers reserve the right to refuse or accept the bid of any bidder should they be unable to satisfy any of the above notices or the Rules of Auction.

Please note that if you are the successful bidder on more than one lot, you will be invoiced for all your successful bids. You cannot choose or select which lots you will take!

MAX BIDDING: When you place your maximum bid, it will be placed at the reserve price if said max bid exceeds the reserve. If the Max Bid amount is below the reserve, the bid will be placed for the full amount. The ‘System’ will automatically bid against you at the set increment until reserve is met, at which point the system will stop. If you are the highest bidder, the lot will be sold to you, unless another bidder out bids you.

TECHNICAL ISSUES: In the event there are technical difficulties related to the server, software, Internet or any other online auction-related technologies, Riley Auctioneers reserve the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software, ECDC, nor Riley  Auctioneers shall be held responsible for a missed bid or the failure of the software to function properly for any reason.

Online Auction

 

Erf 2821 Umtata, 905 Indwe Street, Southernwood
Mthatha

Erf 2873 Umtata, 39 Finch Street, Southernwood
Mthatha

Erf 5382, Umtata, Extension 13
Eastern Cape

Erf 5383, Umtata, Extension 13
Eastern Cape

11a Ukhozi Street, Southernwood,
Mthatha

Erf 12183 Umtata, 71 Vukutu Street, Southernwood
Mthatha

Erf 12296 Umtata, 7 Starling Crescent, Southernwood
Mthatha

Erf 13769 Umtata Extension 13
Eastern Cape Province

Erf 3005, Umtata Extension 9,
Eastern Cape Province

Erf 3006, Umtata Extension 9, 
Eastern Cape Province

Erf 3007, Umtata Extension 9,
Eastern Cape Province

Erf 6846, Umtata Extension 10,
Eastern Cape Province

Erf 12311, Umtata Extension 46,
Eastern Cape Province

Erf 12322, Umtata, Extension 46,
Eastern Cape Province

Erf 6935, Umtata, Extension 10,
Eastern Cape Province

Erf 12191, Umtata, Extension 44,
Eastern Cape Province

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