REGISTER FOR THE UPCOMING ECDC PROPERTY AUCTION 

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As part of the Eastern Cape Development Corporation Property Turnaround Plan, the Corporation has resolved to dispose a portfolio of non-core and non-strategic immovable properties. 

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The objective of the land disposal project is to lower ECDC’s operating costs and raise capital to fund essential service delivery initiatives. Twenty Five (25) properties have been identified to be put on sale through an auction that is set to take place on 03 October 2023. 

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Download the list of properties to go on auction here

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​the main conditions of sale

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It is compulsory that all Bidders are required to present the following documentation in order to register at our auctions (without which registration cannot take place):

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• SA Identity Document;

• Utility bill addressed to your physical address (not older than 3 months);

• In the event of you bidding on behalf of a company, trust or close corporation in your capacity as director, trustee or member respectively, you are required to submit a letter on the Entity’s official letterhead authorizing you to bid, sign all necessary documents and effect transfer on behalf of the Entity which must be accompanied by a certified copy of the resolution by the directors, trustees or members of the entity authorizing you to do so.

• A special Power of Attorney is required should you be bidding on behalf of another person which must expressly authorize you to bid on behalf of that person and must include a certified copy of that person’s SA Identity Document and proof of that person’s residential address not being older than 3 months.

• Copy of Entity’s FICA Documents

• Vat Registration Certificate

• Income Tax Reference Number and proof of marital status

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We would like to offer you an opportunity to register prior to the auction in order to avoid the time-consuming registration process as we endeavour to make this process as hassle-free and efficient as possible. Deadline to register for Digital Bidding is Thursday 28 September at 12h00 - email us: registrations@in2assets.com

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enquiries  

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Justin Price

Cell: 083 391 0215

Email: justin@investpro.co.za

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