PUB & GRILL AUCTION FAILS TO ATTRACT BIDS

MBABANE – The furniture, cookware, alcoholic beverages and officeware failed to go under the hammer at the Pub & Grill on Friday.       

The nearly 40 people who crammed the famous eatery were hugely disappointed, as they had hopes that the items would be sold in units only to find out that the equipment and beverages were being sold as one lot.

The reserve price of the property which was being sold after the court issued a final order for ejectment at the Gables, Galleria was E450 000. However, none of the available bidders could match the reserve price. Instead there was an offer of E350 000 which was subject to confirmation by the time of compiling this report.

The alcoholic beverages which were valued at around E50 000 were bidded for by a well known businessman, who pledged E40 000 but had not paid the amount by the time of going to press.    

  
movables

The same deputy sheriff, David Magagula, who had earlier been ordered to attach all movables and make an inventory, conducted the auction which lasted for about 20 minutes. The auction started at 10:30am.
The judge had previously interdicted the removal of any movables from the premises. The court also ordered the eatery to pay the money it allegedly owed in respect of rental arrears.

The order was issued after  Gables (PTY) Limited, which owns the building where Pub & Grill operated its business, instituted legal proceedings where it was demanding E433 641 31 in respect of arrear rentals. 

In its application, Gables (PTY) Limited alleged that from the month of July 2016, Pub&Grill had defaulted in paying its monthly rentals regularly or had not paid them at all for the premises it occupied. Lebohang Clayton, who is the director of Pub & Grill, was cited as the second respondent in the matter.
According to the applicant’s property manager, Althea Friedman, in July 2016 the parties entered into a lease agreement. She alleged that it was agreed that the applicant would lease its premises at Gables to the respondent.

averred

She averred that when the parties entered into the agreement, the applicant was represented by Jonathan Van Wyk in his capacity as the director of the applicant and the respondent was represented by Lebohang Mary Clayton.

She submitted that in April 2018, the parties mutually cancelled the initial agreement and entered into a new lease agreement owing to a reduction of size of the leased premises.

Friedman told the court that the material terms of the agreement were that: the lease would endure for a period of three years commencing from April 1, 2018 to March 31, 2021. 

It was also allegedly agreed that the respondent would pay the following; a monthly rental in the sum of E46 692 19 for the initial period with an escalation rate of 10 per cent per (clause 3 of the agreement of lease) reduced from the amount of E48 785 76 and that on signing of the agreement, the respondent would pay a security amount of E27 000.

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