LIQUIDATION AUCTION SALE - GAME FARM IN THE SOUTPANSBERG, MOVEABLE ASSETS AND GAME AS A RUNNING CONCERN

Mountain Inn Country Hotel
Makhado

Description

LIQUIDATION AUCTION SALE OF GAME FARM IN THE SOUTPANSBERG WITH PICTURESQUE MOUNTAIN SCENERY AND PANORAMIC VIEW, MOVEABLE ASSETS AND GAME AS A RUNNING CONCERN

Duly instructed thereto by the Liquidator, Investrust Insolvency Practitioners, in the matter, Retreat 777 Lim Prop Inv. (Pty) Ltd (in liquidation), Masters Reference Number: G105/2019, we will sell by public auction on:

THURSDAY, 12 SEPTEMBER 2019 AT 11:00
AT MOUNTAIN INN COUNTRY HOTEL
MAKHADO (LOUIS TRICHARDT), LIMPOPO
(22°59'31.42"S / 29°55'47.67"E)

THE PROPERTY:
Remaining extent of the farm Budworth 777, Registration Division MS, Limpopo - Measuring: 256.2878 hectares

IMPROVEMENTS:
1 Bedroom zinc cottage with kitchen and bathroom; 2 room workers accommodation; equipped borehole; Eskom power (25kva); game fenced

MOVEABLE ASSETS:
1 water pump at river; 1x JCB TLB (not working order); 1x Ford 3000 tractor; 1x 500L water sprayer; 1x trailer axle; roller; 1x double axle trailer; 1x wooden cupboard; 1x wooden table; microwave oven; double bed; 2-seater couch; coal stove; wooden cupboard; 1x compressor

GAME:
8x Giraffe; 7x Bluewildebeest and ± 25 Impala

NB! MOVEABLE ASSETS AND GAME TO BE SOLD VOETSTOOTS WITH NO GUARANTEE AS A RUNNING CONCERN WITH THE IMMOVABLE PROPERTY.

LOCATION:
From Makhado (Louis Trichardt) follow the N1 towards Musina for ± 8.4km. Pass the Mountain Inn Country Hotel on the right hand and turn left onto the Bluegumsport Road. Follow this road for ± 20km. GPS co-ordinates as follow: 22°59'13.29"S / 29°45'54.73"E. Auction boards and route markers will be erected.

AUCTIONEERS NOTE:
* This is an ideal opportunity to acquire a property offered for sale once in a lifetime.
* All prospective buyers are advised to attend the auction.
* Note that the auction will be conducted at the Mountain Inn Country Hotel.
* Viewing by arrangements with the auctioneers to obtain telephone number of the guards on duty on the farm.
* Prospective buyers to view the property at their own time and own 4X4 vehicles and don't attempt road without 4X4 vehicle.

CONDITIONS OF SALE:
10% (TEN PERCENT) deposit on the day of the auction and the balance to be guaranteed within 30 (THIRTY) days after date of confirmation of sale, confirmation with 21 (TWENTY ONE) days after date of sale. The rules of auction and sale conditions will be read out prior to the sale, terms and conditions available on request.
All buyers to register before the auction and proof of identity and residential address are required.