The Executor of the Deceased Estate Auction that took place on 22 January 2026 did not accept the closing bid of R200 000-00.

Reason provided to Auction House is that bid amount is too far below Municipal Valuation of R640 000 and we need to attempt to reduce the difference.

We are instructed to re-open the bidding for a period of 7 days in order to obtain potential higher Offers.

The highest bid placed by Bidder no 8 remains valid.

Please note:

Arrear Municipal account of R89 691-10 dated 15 January 2026 as well as accruing interest is payable by the Purchaser.

10% Buyer's Commission payable by the buyer on the final bid amount accepted.

Please take note of Clause 8 of the Auction Rules and Conditions of sale.

Bidder no 8 still retains the right to equal the highest Bid or Offer after closing of the extended period which is from 12HOO on 29 January 2026.

Herewith the wording of Clause 8 (more details of the property thereafter.)

"8.         HIGHER OFFER

8.1       If no bid equals or exceeds the reserve price, and the SELLER does not accept the highest bid, the SELLER and AUCTION HOUSE shall be entitled to negotiate with the highest bidder first and / or grant an additional extension period for higher offers.

8.2       The property entered or offered for sale are subject to payment by the PURCHASER of the agreed COMMISSION, whether the property is sold at or on the AUCTION or thereafter to a PURCHASER during the Mandate Period, or within a specific period as agreed upon thereafter by private treaty. Unless otherwise agreed in writing, commission shall become due by the PURCHASER upon the fall of the hammer or closing of the online bid or upon the entering into of any private treaty involving the SELLER’s said property, whichever date is the earlier, and notwithstanding any breach on the part of the PURCHASER.

8.3       The SELLER or it’s AGENT shall inform the AUCTION HOUSE and the AUCTION HOUSE shall inform the PURCHASER (highest BIDDER) of any higher written offer which is or was received from a third party before or during the confirmation period.  The PURCHASER shall have the right to increase the purchase price offered by him to equal the subsequent higher offer received, but subject otherwise to all other terms and conditions of the Conditions of Sale.  Should the SELLER elect to sell the Property for a higher amount and the PURCHASER agrees to match the higher offer, then the SELLER shall be obliged to accept the said increased offer of the PURCHASER.

8.4     If applicable or required, a new or amended DEED OF SALE  will be signed for a higher offer and the signed DEED OF SALE  after the Auction shall forthwith lapse and be of no further force or effect between the PARTIES.

PROPERTY DETAILS:

Lot 001 Plot (Small Holding no 45) 4.28 hectares.

With infrastructure (House) but needs Restoration.

The house has been vandalized.

Videos of condition of house available by request.

Electricity and water point supply.

The house has been vandalized

Please send a whatsapp to Reuben 0823744388 for any enquiries.

For assistance in registering for the Auction please contact Suzette 0824113419.

Email [email protected]