Upset Prices and Sizes

 

Council approved an upset price of N$240.00/m² excluding 15% VAT:

 

Erf	Size	Upset Price @N$240.00/m²
6946	2 320	N$ 556 800.00
6947	2 318	N$ 556 320.00
6948	2 316	N$ 555 840.00
6949	2 225	N$ 534 000.00

 

2.         Publication

 

Notice of the date of sale will be published on 17 and 24 January 2025 in the Namib Times and The Namibian, on Council’s facebook page and website.

 

3.         Registration and Pre-Qualification

 

Bidders may register by paying a registration fee in the amount of N$ 5 000.00.

Please ensure that you comply with the conditions of sale before payment the registration fee.

 

In terms of Notice 1/2025:

 

(i)          The bidders must be Namibian citizens.

(ii)         The bidders must provide a service account in the name of the bidder showing domestic residence in Swakopmund for the past 5 years in any of the following extensions:

1.   Mondesa

2.   Matutura

3.   Extensions 24, 25, 26, 27, 28, 29, 30, 31, 37 and 38, Swakopmund (located in Mondesa)

(iii)        Bank statements in the name of the bidder for the last six months must be provided when registering for the closed bid sale.

 

4.         Standard Conditions of Sale

 

(i)         The erven will be allocated to the highest bidder on the basis of one erf per person / entity (married couples irrespective of the marital regime are regarded as one entity).

(ii)        Connected parties defined as per the Income and VAT Act may only be allocated one erf.

(iii)       Bidders must provide proof of sufficient financing on the date of sale.

(iv)       The purchase price shall become due and payable to the Council within 120 calendar days from date of sale.

(v)        The erven may not be alienated unless a completion certificate is issued in respect of the structural improvements.

(vi)       The purchasers must erect structural improvements worth at least 4 times the Municipal valuation of the erf. Structural improvements, for purposes of this condition, shall not include the construction of boundary walls or any changes to the subterranean composition of the property.

(vii)      Purchasers are given 24 months to construct and complete improvements on the erf, failing which; Council reserves the right to repossess the erf.

(viii)     In the event that the purchaser of an erf is a close corporation, a company or a trust, then, the member’s interest in the close corporation or shareholding in the company or interest in the trust, as the case may be, may not be changed without the prior written approval of Council.

(ix)       Council does not accept under any circumstances any process whereby the purchaser of an erf will be allowed to nominate a third party as the eventual purchaser of the erf. To be more specific, the Council shall not entertain any agent bidding on behalf of a principal or any nominee acting on behalf of a legal entity still to be incorporated.

(x)        Caveats be registered against the title deeds of the erven to prevent any contravention of the above conditions.

(xi)       That the erven are sold voetstoots or as is with the Council giving no warranty or guarantee, whether express or implied, oral or tacit, as to the suitability of the lay-out or situation or subterranean composition of the erven or any improvements thereon. The Council also does not warrant that the services installed at the erven are suitable for the use intended by the purchasers. It is therefore the obligation of the purchasers to verify that the installed electricity, sewage and water connections are suitable for the intended use of the properties.

 

5.         Coordinator and Enquiries

 

Ms Emilia Nakale (Haitamalo) at ' 064-4104217 or 8 enakale@swkmun.com.na

• 2025 - Jan - Condition of the sale - 4 Business Erven.pdf