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Live Auction of Two Vacant Erven in The Island Estate in Hartbeespoort, North West Province - South Africa #120

Live Auction, Started: 27 Jun 2015 3:00 AM PST

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Duly instructed by the trustees representing the Insolvent Estate Chidal Trust - Master reference number B20037/2014 and Erasmus Family Trust - Master reference number: B20038/2014

Live Auction in South Africa of Real Estate in The Islands Estate in Hartbeespoort of two vacant residential erven measuring 714m² and 751m²

Featuring:
Two Vacant Residential Erven in The Islands Estate in Hartbeespoort

General Description

The vacant erven are well located properties within the affluent 'The Islands Estate' development. Portion 30 of Erf 459, The Islands Estate is an irregular four sided shape with an extent of 714m² and Portion 126 of Erf 459, The Islands Estate is an irregular shape with an extent of 751m². Both properties are well located along the water canal.

Locality

The erven are situated in the eastern region of The Islands Estate, well located along the water canal. The Islands Estate is adjoined to the popular Pecanwood Estate and borders the southern edge of the Hartbeespoort Dam.

For locality of Portion 30 of Erf 459, The Islands Estate, click here

For locality of Portion 126 of Erf 459, The Islands Estate, click here

Executive Summary
  • Portion 30 of Erf 459, The Islands Estate - extent of 714m²
  • Portion 126 of Erf 459, The Islands Estate – extent of 751m²
  • Situated off Jack Nicklaus Drive within the Islands Estate, Hartbeespoort(N West Province)

  • Auction notes:
    14% VAT is applicable to the buyer's premium only and purchase price may be subject to transfer duty
    Notice to purchasers:
    Buyers premium: 5%   Deposit of 10% and buyer's premium of 5% plus VAT immediately after the sale, balance of the purchase price on registration of transfer
    VAT/Tax: 14%
    Inspection details: At own leisure
    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;
    • R2000.00 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 Closed
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    Downloadable Documents
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    Event Information
    Location: situated Off Jack Nicklaus Drive within the islands estate
    Started: 27 Jun 2015 3:00 AM PST

    Contact Details
    Contact: Franz Bobbert
    Telephone: +27 (0)83 630 5532
    Shipping Information
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