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Live Auction of Insolvent Estate in Wilderness - South Africa

Live Auction, Started: 26 Apr 2014 2:00 AM PST

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By order of Progressive Administration (Cape) (Pty) Ltd. Master Ref C23/2010 & K10/2013
Live Auction of Real Estate located in Hoekwil, Wilderness - South Africa. This property comprises of lounge with a fireplace, 2 bedrooms, outside laundry, store room and court yard located close to local amenities like shops, schools and train station with beach located just 4 km away.
Featuring:
Real Estate in Hoekwil, Wilderness

General Description

The property comprises two bedrooms both with BIC and master en-suite, one family bathroom and a lounge with fireplace. The kitchen has BIC and an antique coal stove. In addition, there is an outside laundry, a storeroom and court yard. The property also boasts a single garage and a flatlet.

Locality

The Residential Property is situated on 28 Hoekwil street, Hoekwil, Wilderness, .

The property enjoys amenties such as educational institutions, retail stores, Serpentine train station and is approx 4 kms away from the beach with easy access onto the N2 & N9 National Roads.
For locality of the property,click here

Executive Summary
  • Erf 28, Hoekwil
  • 28 Hoekwil street, Hoekwil, Wilderness
  • Erf measuring: ± 2.5ha
  • Zoning: Agricultural

  • 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: Viewing: Sunday 6 April and 20 April 2014 at 15:00 - 17:00
    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.
    http://www.info.gov.za/view/DownloadFileAction?id=99961
    http://www.info.gov.za/view/DownloadFileAction?id=145412
    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 Closed
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    Event Information
    Location: 28 Hoekwil Road, Hoekwil, Wilderness
    Started: 26 Apr 2014 2:00 AM PST

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