Commercial - Retail on Auction in Cape Town City Centre

Description

Restaurant Lease Up For Auction PROPERTY DETAILS Portion of Erf 95135 Cape Town ADDRESS 21 Queen Victoria Street, Cape Town ZONING Open Space 2 SIZE ±980m² Registration Requirements: A R25,000 refundable registration fee payable. Individual (SA Citizen) • Identity document; • Proof of residence for the Authorised Person (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit. • Marriage certificate (if married in community of property); • Identity document for spouse (if married in community of property); • Proof of residence for the spouse (if married in community of property) - An affidavit confirming that the spouse resides at the same address is sufficient if living at the same address. Alternatively, a Utility Bill, Cell phone account, Clothing Account, SARS document, or stamped Bank Statement (no older than 3 months, reflecting physical address and in the spouse's name) must be provided. • SARS Tax Compliance PIN Status (For the Bidder and for the spouse, if married in community of property); • POPI Consent Form (For the Bidder and for the spouse, if married in community of property); • Resolution from spouse giving you permission to bid at the auction (if married in community of property or if traditionally married); Individual (Foreign National) • Valid Passport; • Proof of residence for the Bidder (no older than 3 months, reflecting physical address and in the individual's name) - Required if residing in South Africa. Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit. • Marriage certificate (if married in community of property); • Identity document for spouse (if married in community of property); • Proof of residence for the spouse (if married in community of property) - An affidavit confirming that the spouse resides at the same address is sufficient if living at the same address. Alternatively, a Utility Bill, Cell phone account, Clothing Account, SARS document, or stamped Bank Statement (no older than 3 months, reflecting physical address and in the spouse's name) must be provided. • SARS Tax Compliance PIN Status (For the Bidder and for the spouse, if married in community of property); • POPI Consent Form (For the Bidder and for the spouse, if married in community of property); • Resolution from spouse giving you permission to bid at the auction (if married in community of property or if traditionally married); • Resolution from spouse giving you permission to bid at the auction (if married in community of property or if traditionally married); South African Company • CIPC Registration / Disclosure Certificate; • Certificate of name change (if applicable only); • Proof of trading address (Utility bill not older than 3 months reflecting physical address and in company’s name or a full valid lease agreement). If no proof of trading address is available, a letter from your auditor or an affidavit confirming the physical address will suffice; • Company resolution giving individual authority to act and sign on behalf of company, signed by ALL directors (this is also applicable if there is 1 director); • Identity document of person authorised (Bidder) to act and sign on behalf of company; • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • Identity document of shareholders holding more than 25% voting right. • SARS Tax Compliance PIN Status (For the Company); • POPI Consent Form (For the Bidder and for the Company); South African Close Corporation • CIPC Registration / Disclosure Certificate; • Certificate of name change (if applicable only); • Proof of trading address (Utility bill not older than 3 months reflecting physical address and in company’s name or a full valid lease agreement). If no proof of trading address is available, a letter from your auditor or an affidavit confirming the physical address will suffice; • Company resolution giving individual authority to act and sign on behalf of company, signed by ALL members (this is also applicable if there is 1 member); • Identity document of person authorised (Bidder) to act and sign on behalf of company; • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • Identity document of shareholders holding more than 25% voting right. • SARS Tax Compliance PIN Status (For the Company); • POPI Consent Form (For the Bidder and for the Company); Partnerships • Partnership agreement; • Documents of incorporation for each legal entity that is a partner; • Partnership resolution giving individual authority to act and sign on behalf of partnership, signed by ALL partners; • Identity document of each partner, the natural person who exercises control over the partnership and each authorised representative; • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • SARS Tax Compliance PIN Status (For all the Partners); • POPI Consent Form (For the Bidder and for all the Partnership); Trusts • Trust deed and letter of authority issued by the Master of the High Court; • Identity document of each individual founder of the trust, each individual trustee, each individual named beneficiary and all authorised representatives; • Death certificate or certificate of deregistration where founder died or ceased to exist (if applicable); • Applicable documents i.r.o. any institutional beneficiaries, any institutional trustees or institutional founder of the trust; • Trust resolution giving trustee authority to act on behalf of the trust, signed by ALL trustees; • Identity document of person authorised to act and sign on behalf of trust; • Proof of residence for the Bidder (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • SARS Tax Compliance PIN Status (For the Trust); • POPI Consent Form (For the Bidder and for the Trust); NPO/GPO • Constitution or other founding document by which the NGO/GPO was created; • Resolution giving individual authority to act and sign on behalf of NGO/GPO; • Identity document of members and mandated officials authorised to transact on behalf of the NGO/GPO. • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • Income Tax Pin number of such persons; • Proof of trading address (Utility bill not older than 3 months reflecting physical address and in NGO/GPO’s name or a full valid lease agreement). If no proof of trading address is available, a letter from your auditor or an affidavit confirming the physical address will suffice; • Registration certificate with Department of Social Welfare; • PBO certificate issued by SARS; • SARS Tax Compliance PIN Status (For the NPO/GPO); • POPI Consent Form (For the Bidder and for the NPO/GPO); Provident Fund • The constitution of the relevant provident fund; • Resolution giving individual authority to act and sign on behalf of provident fund; • Identity document of person authorised to act and sign on behalf of provident fund; • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • SARS Tax Compliance PIN Status (For the Provident Fund); • POPI Consent Form (For the Bidder and for the Provident Fund); Legal Incapacity / 3rd Party Representing Another Individual • Identity document; • Proof of residence of person authorised (Bidder) (no older than 3 months, reflecting physical address and in the individual's name) - Acceptable documents include Utility Bill, Cell phone account, Clothing Account, SARS document, stamped Bank Statement, or an affidavit; • Proof of authority to act (power of attorney, mandate, resolution or court order); • Marriage certificate (if married in community of property or if traditionally married). • SARS Tax Compliance PIN Status (For the Bidder and for the spouse, if married in community of property or if traditionally married); • POPI Consent Form (For the Bidder and for the spouse, if married in community of property or if traditionally married); Foreign Company • Official document from foreign regulator witnessing incorporation, bearing the name, number and address; • Proof of trading in the name and business address of SA and foreign office (Utility bill not older than 3 months reflecting physical address and in NGO/GPO’s name or a full valid lease agreement). If no proof of trading address is available, a letter from your auditor or an affidavit confirming the physical address will suffice; • Identity document / passport of person authorised to act and sign on behalf of company; • Identity document / passport of shareholders holding more than 25% voting right. • SARS Tax Compliance PIN Status (For the Company); • POPI Consent Form (For the Bidder and for the Company); Commission Percentage Rate (%) (excl VAT) of the Monthly Rental (excl VAT) in Rand Value as recorded by auctioneers Immovable Property Leases (Commercial, Industrial, Mixed-Use Development, General Residential Immovable Property and Concessionary Rights) 1 R 1 000 001 and above - 2% of the first two years accumulated rental for the duration of the lease agreement 2 R 500 001 – R 1 000 000 - 2.5% of the first two years accumulated rental for the duration of the lease agreement 3 R 100 001 – R 500 000 - 2.5% of the first two years accumulated rental for the duration of the lease agreement 4 R 50 001 – R 100 000 - 3% of the first two years accumulated rental for the duration of the lease agreement 5 R 10 000 – R 50 000 - 3% of the first two years accumulated rental for the duration of the lease agreement 6 R 10 000 and below - 4% of the first two years accumulated rental for the duration of the lease agreement