Duly instructed thereto by the joint liquidators of Tutor Trust Estates & Insolvency in the matters of Boetmag (Pty) Ltd, Masters Reference Number: L89/24 (IN LIQUIDATION) and Biz Afrika 1581 (Pty) Ltd, Masters Reference Number: L88/24 (IN LIQUIDATION), we will sell by public auction on:

THURSDAY, 5 JUNE 2025
AT 11:00
AT PORTION 6 OF THE FARM WATERVAL 190
MODIMOLLE (NYLSTROOM)

THE FOLLOWING:

PROPERTIES:

Lot 1:

• Portion 4 (RE) of the farm Waterval 190, Registration Division KR, Modimolle-Mookgophong Local Municipality, Limpopo
Measuring: 164.1444 ha

DESCRIPTION:


• ±11ha Nett irrigation land
• 2 x Residential dwellings
• Pumphouse
• Staff accommodation (x40)
• 5 x Boreholes
• 2 x Reservoirs
• Eskom Power
• ±150ha Mountainous grazing

Lot 2:

• Portion 6 of the farm Waterval 190, Registration Division KR, Modimolle-Mookgophong Local Municipality, Limpopo
Measuring: 158.7351 ha

• Portion 15 of the farm Waterval 190, Registration Division KR, Modimolle-Mookgophong Local Municipality, Limpopo
Measuring: 21.4133 ha

• Portion 30 of the farm Waterval 190, Registration Division KR, Modimolle-Mookgophong Local Municipality, Limpopo
Measuring: 35.2483 ha

Total hectares: 215.3967

DESCRIPTION:

• ±2000m² Packaging facility with cold rooms
• Residential dwelling
• 2 x Cement/Zinc dams
• Flatlet
• 1 x Ground dam reservoir (±24 000 cubic metres)
• Workshop/Outbuildings
• 2 x Ground dams (built in river – perennial)
• ±55-ha Arable land
• 4 x Boreholes
• ±160-ha Grazing
• Registered water rights (452 358m³) ±69-ha
• Eskom Power


LOCATION:

Property is located ±35 km north of Modimolle/Nylstroom on the R33. On the way to Vaalwater.

Auction arrows will be erected.

AUCTIONEERS NOTE:

This is a good opportunity to acquire a well-developed farm with abundance of water and easy access in the Waterberg area.

All prospective buyers are advised to attend the auction. Viewing by appointment with the auctioneers or visit our webpage.


CONDITIONS OF SALE:

10% (TEN PERCENT) deposit and 6% auctioneers commission as well as 15% VAT on day of the auction and the balance to be paid by EFT or acceptable guarantees to be delivered within 30 (THIRTY) days after date of confirmation, confirmation within 14 (FOURTEEN) 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 or on our website.


BUYER REGISTRATION:

All potential buyers can register in advance by email or on the day of the auction at the venue. We reserve the right to cancel the auction without notice.

All potential buyers to register before the auction and proof of identity and residential address are required.

We reserve the right to cancel the auction without notice.