SAIBPP Fundraising Auction

Past Auction | 0 comments

SAIBPP Fundraising Auction

5 April 2023 at 8pm

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Houghton Hotel, Lloys Ellis Ave, Houghton Estate

Riley Auctions Africa is honoured to host
the first fundraising auction on behalf of The South African Institute of Black Property Practitioners (SAIBPP)

On Auction:

A beautiful collection of art pieces, a 2 HA Lodge, a 1983 BMW R1100 cc Cafe Racer classic vintage motorbike, books and various other collectables are all up for grabs on the night of the event.

Property Details:
2 ha
Divided into 2 portion
1st portion hotel and gallery with 9 bedrooms
30 seater mini hall
10 seater dining room
4 people office
Fully fledged restaurant with indoor and outdoor sitting
With roof top terrace
There’s 2 pools
Unfinished SPA with foundation
Cannabis research center with accreditation to be able to test cannabis growing more lease revenue for buyer

2nd portion under development
14 rooms at roof level
4 complete cottages which a lease generating already tenanted

Mini grass 5 a side soccer field

All under one Erf but still to be subdivided

Title deed to be submitted

Amenities

University of Limpopo health
3 schools (2 x curro) and 1 local
Net care
Stadium (Peter Mokaba)

 For all enquiries please contact: Mrs L Bozo
admin@rileyauctions.co.za
+27 (0) 440 4663
(Monday to Friday 8am to 5pm CAT

The SAIBPP Benefit Auction | Powered by RILEY AUCTIONS AFRICA, Johannesburg, South Africa. Please note that the results listed on this auction are inclusive of Riley Auctions Africa’s Buyer’s Overhead Premium, and exclusive of any applicable taxes and costs, unless otherwise noted.

Please note that while this auction is hosted on www.riley.africa, it is being administered by SAIBPP awards event and its organisers (“the principal”), and all post-sales matters (exclusive of invoicing), the property pickup/shipment, will be handled by the principal. As such, Riley Auctions Africa will share the contact details for the winning bidders with the principal so that they may be in touch directly post-sale.

CONDITIONS OF SALE

10% buyer’s premium charged, with 5% of it donated towards the nominated project and charitable cause. Additional costs due to the winning bidder are applicable, sales tax and shipping. Works auctioned are sold “as is”, and condition reports are included with lot descriptions as available.