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Real Estate Property In Lotus River- Western Cape - South Africa #100

Live Auction, Started: 5 May 2015 2:00 AM PST

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Duly instructed by the Joint Trustees representing the Insolvent Estate. Masters Ref No: C986/2013
Live liquidation auction -  apartment on the third floor featuring 2 bedrooms, walking distance from the shops and closely positioned near public transport nodes including bus and train stations.
Featuring:
2 Bedroom Residential Apartment in Lotus River

General description

The apartment is situated on the third floor, enjoys two bedrooms, family bathroom, kitchen and lounge. PERFECT BACHELOR FLAT OR IF YOU ARE RETIRING!!

Locality

The apartment is situated in the "Radiant Mews" located along Lake Road in Lotus River. Walking distance from the shops, town and closely positioned near public transport nodes including bus and train stations.

For locality of the property,click here

Executive summary
  • Section No 20, Radiant Mews
  • 74 Lake Road, Lotus River
  • Extent: 47m²

  • Auction notes:
    14% VAT is applicable to the buyer's premium and purchase price maybe subject to transfer duty
    Notice to purchasers:
    Buyers premium: 10%   Deposit of 10% and buyer's premium of 10% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
    VAT/Tax: 14%
    Inspection details: For more information; kindly contact Casper Rossouw on +27 (0)82 459 8877
    Payment type: Wire Transfer
    Additional notes: This auction is governed by the Consumer Protection Act – Act 68 of 2008 (South Africa), and further reference to the Act and the regulations can be downloaded here.
    Consumer Protection Act 68 of 2008
    Consumer Protection Act 68 of 2008 - Regulations
    The Bidders attention is drawn to the following:
    • The Rules of Auction can be found under the downloadable documents tab
    • The property will be sold “Voetstoots” and on “AS IS – WHERE IS” condition. It is the buyer’s responsibility to perform an inspection of the property prior to the auction.
    • The Sale of the Property is non-suspensive and not subject to any feasibility or any other condition required by the buyer.
    The Sale by auction is subject to
    • A reserve or upset price
    • All prospective bidders must register prior to the auction and such registration requires proof of identity and residence (FICA) as contemplated in regulation 26;
    • R10 000 refundable deposit may be payable by a bank guaranteed cheque or Electronic Fund Transfer (EFT). Kindly provide proof of deposit.
    • The auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of third parties
    • The Auctioneer may bid for any lot or lots offered for sale at the Auction on behalf of seller but, if on behalf of the seller, not at or in excess of the reserve price
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    Currency: South Africa Rand
    Auctioneer: GoIndustry DoveBid S.A. (Pty) Ltd.
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    Event Information
    Location: Unit 20, Radiant Mews, 74 Lake Road, Lotus River
    Started: 5 May 2015 2:00 AM PST

    Contact Details
    Contact: Casper Rossouw
    Telephone: +27 (0)82 459 8877
    Telephone 2: +27 (0)21 702 3206
    Shipping Information
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