Online Auction - Bank Instruction: 3 x Farm Portions, Grahamstown, Eastern Cape
19nov(nov 19)6:13 pm20(nov 20)11:13 pm
Event Details
This property, offered through a bank instruction online auction, spans approximately 153.28 hectares across three farm portions in Kinross Estates, about 30 km southwest of Grahamstown, Eastern Cape. All three portions will be sold together as one lot, creating a comprehensive estate. The property features a main house, a 2-bedroom flat, garages, two sheds (one equipped with a lean-to and office), a workers’ compound, an ablution building, and a manager’s house. The land includes roughly 114.28 hectares dedicated to natural grazing, headlands, and homestead areas. Additionally, there are 39 hectares of arable land with peach trees, though many have been impacted by drought. Boreholes are also on-site, although currently dry due to the ongoing drought conditions.
Online Auction Details:
- Bids Open: 19 November 2024 at 08:00
- Bids Close: 20 November 2024 from 12:00
- Viewing: By Appointment Only
- Address: Grahamstown, Eastern Cape
- GPS Location: 33˚24’47.1”S 26˚18’51.2”E
- Auction Link: https://vr2.vortexauction.com/bidderschoice/upcoming-auctions/11247-property-bank-instruction-3
Property Description:
Situated ± 30km South West of Grahamstown
Access route: From Grahamstown take the N2 to Port Elizabeth for 26.4km. Turn right at Highlands / Assegaaibos drive for 2.4km to the farm.
Combined extent: ± 153.2786ha
(All 3 portions will be sold as 1 lot)
Improvements:
- Main House
- 2 Bedroom Flat
- Garages
- 2 x Sheds (1 x Shed with Lean-to with office)
- Workers compound
- Ablution building
- Managers House
Additional:
- Boreholes (Dry due to prolonged drought in the area)
- Natural Grazing, Headlands and homestead ± 114.2786ha
- Arable land (Peach trees) ± 39ha (most of the trees are dead)
Terms & Conditions Of The Online Auction:
- R20 000 refundable registration fee payable via EFT transfer.
- FICA documents to register.
- 10% Deposit payable on the fall of the hammer.
- 4% Buyers Commission plus VAT on the fall of the hammer.
Contact:
Stefan – 074 565 6457
To register for the online auction; Contact the office at 086 144 4242 or info@bidderschoice.co.za
To create a profile for the online auction platform, follow this link: Sign Up
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