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Live Real Estate Auction in Blanco, George - South Africa

Live Auction, Started: 24 May 2014 5:00 AM PST

URGENT SALE
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This 1695m² plot on auction in Blanco, George - South Africa with the opportunity to be subdivided into 3 plots. Located in Searle Street this property is close to amenities like Educational Institutions and Retailers.
Featuring:
Investment opportunity in Blanco

General description
Fully serviced plot boasting an extent of 1695m² , approximately 89.73m in length and 18.89m in width, enjoys good security with 7ft vibracrete walls. The property is north facing with beautiful views of Outeniqua Mountains, whilst the plot comprises a 3m wide driveway and offers opportunity to subdivide into 3 plots of no less than 500m² each. This is an ideal length plot for building north facing improvements. This plot has potential to build a complete house comprising a 3 or 4 bedroom house with bathroom and en-suite. Perfect opportunity to purchase in a family trust to ensure your kids have a place to build one day.

Locality
Situated in Searle Street, Blanco, just a few km’s away from the George Town Council. The plot enjoys close proximity of educational institutions such as the Blanco Primary School, retailers, major banking institutions and easy access onto the R404 Regional Roads. George is a well-known popular holiday destination and the commercial hub of the Garden Route


For locality of the property, click here


Executive summary
  • Erf 95, Blanco
  • 4 Searle Street, Blanco, George
  • Erf extent: ±1696m²

  • 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: 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.
    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: 4 Searle Street, Blanco, George
    Started: 24 May 2014 5:00 AM PST

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